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S1224119th CongressWALLET

RIFLE Act

Sponsored By: Senator Sen. Cotton, Tom [R-AR]

Introduced

Summary

Repeals the federal firearm transfer tax (Internal Revenue Code section 5811). The bill would remove that tax for transfers after enactment, add transitional language so related tax-code references still work, and preserve that National Firearms Act items stay outside Consumer Product Safety Commission oversight.

Show full summary
  • Gun buyers and sellers: Would no longer owe the federal transfer tax on firearm transfers occurring after enactment.
  • Tax code users and practitioners: Would update five Internal Revenue Code provisions with transitional language so cross-references continue to function without the tax.
  • Regulators and regulated parties: Clarifies that firearms governed by Chapter 53 of the tax code (the National Firearms Act) would remain outside the Consumer Product Safety Commission’s jurisdiction.

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 2 benefits, 0 costs, 1 mixed.

No federal firearm transfer tax

If enacted, you would not have to pay the federal firearm transfer tax for transfers after enactment. This would lower out-of-pocket costs for individual buyers, sellers, and dealers for covered transfers after the date of enactment.

Tax code cross-reference updates

If enacted, the bill would update several Internal Revenue Code cross-references so tax rules still work after repeal of the transfer tax. The edits apply to transfers after enactment and affect the listed IRC provisions to avoid administrative gaps.

NFA firearms excluded from CPSC

If enacted, the bill would say nothing in it should be read to place firearms regulated by the National Firearms Act under Consumer Product Safety Commission jurisdiction. This preserves the current exclusion for NFA items and takes effect on enactment.

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Sponsors & CoSponsors

Sponsor

Sen. Cotton, Tom [R-AR]

AR • R

Cosponsors

  • John Hoeven

    ND • R

    Sponsored 4/1/2025

  • Steve Daines

    MT • R

    Sponsored 4/1/2025

  • Kevin Cramer

    ND • R

    Sponsored 4/1/2025

  • John Boozman

    AR • R

    Sponsored 4/1/2025

  • Sen. Scott, Rick [R-FL]

    FL • R

    Sponsored 4/1/2025

  • Sen. Budd, Ted [R-NC]

    NC • R

    Sponsored 4/1/2025

  • Sen. Ricketts, Pete [R-NE]

    NE • R

    Sponsored 4/1/2025

  • Deb Fischer

    NE • R

    Sponsored 4/1/2025

  • Sen. Cruz, Ted [R-TX]

    TX • R

    Sponsored 4/1/2025

  • Sen. Moreno, Bernie [R-OH]

    OH • R

    Sponsored 4/1/2025

  • Sen. Sheehy, Tim [R-MT]

    MT • R

    Sponsored 4/1/2025

  • James Justice

    WV • R

    Sponsored 4/1/2025

  • Shelley Capito

    WV • R

    Sponsored 3/18/2026

  • Sen. Barrasso, John [R-WY]

    WY • R

    Sponsored 3/19/2026

Roll Call Votes

No roll call votes available for this bill.

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