From an email from the NRA:

During the same week the Senate passed S. 397, NRA-ILA helped win an important but less-publicized victory for small custom gunsmiths.  A massive highway construction bill (which President Bush promptly signed into law) contained an amendment that exempts manufacturers of fewer than 50 firearms from "manufacturing" excise taxes.

For nearly 30 years, under a baffling web of IRS regulations, the Bureau of Alcohol, Tobacco and Firearms tried to collect these "manufacturing" taxes from gunsmiths (including years' worth of back taxes, in some cases), even if they were only modifying firearms that had been made in a regular gun factory.

NRA members should salute Senator Max Baucus (D-MT) who has championed this issue for many years, as well as Senate Finance Committee Chairman Chuck Grassley (R-IA), whose support was critical in ending this abuse of the tax system against America's many small gunsmiths.

--------

So, what exactly does this do?  What if I build a firearm from a flat plate schematic, such as AK-47, or Cobray M-11.  Were these builds affected before?  Thanks.

Tag

tag

A seemingly small, but very important victory. Way to go NRA and those who pushed for it.

Quoted: A seemingly small, but very important victory. Way to go NRA and those who pushed for it.

Yea, but a person still can't own a handgun in Cook County.

Until the NRA tries to fight big problems, I'm not going to be impressed over small victories.

Quoted: Yea, but a person still can't own a handgun in Cook County. Until the NRA tries to fight big problems, I'm not going to be impressed over small victories.

Uhhh......

One step at a time there scooter. One step at a time.

Quoted: Quoted: A seemingly small, but very important victory. Way to go NRA and those who pushed for it. Yea, but a person still can't own a handgun in Cook County. Until the NRA tries to fight big problems, I'm not going to be impressed over small victories.

the NRA can't fight every loony city/county council that passes stupid laws.  Vote with your feet and move.

So what this means is that if you manufacture less than 50 guns a year you dont need a SOT?