Date: 16 Jan 1995 07:10:05 -0800 From: "Johann Opitz" Subject: Moynihan S119- To tax ... b To: "Firearms Alert" Reposted from t.p.g. - ==================================================== S 119 IS 104th CONGRESS 1st Session S. 119 To tax 9 millimeter, .25 caliber, and .32 caliber bullets. IN THE SENATE OF THE UNITED STATES January 4, 1995 Mr. Moynihan introduced the following bill; which was read twice and referred to the Committee on Finance ------------------------------------------------------------------------ A BILL To tax 9 millimeter, .25 caliber, and .32 caliber bullets. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as the `Real Cost of Handgun Ammunition Act of 1995'. SEC. 101. INCREASE IN TAX ON CERTAIN BULLETS. (a) In General: Section 4181 of the Internal Revenue Code of 1986 (relating to the imposition of tax on firearms , etc.) is amended by adding at the end the following new flush sentence: `In the case of 9 millimeter, .25 caliber, or .32 caliber ammunition, the rate of tax under this section shall be 1,000 percent.'. (b) Exemption for Law Enforcement Purposes: Section 4182 of the Internal Revenue Code of 1986 (relating to exemptions) is amended by adding at the end the following new subsection: `(d) Law Enforcement: The last sentence of section 4181 shall not apply to any sale (not otherwise exempted) to, or for the use of, the United States (or any department, agency, or instrumentality thereof) or a State or political subdivision thereof (or any department, agency, or instrumentality thereof).'. (c) Effective Date: The amendments made by this section shall apply to sales after December 31, 1997. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ == Johann Opitz e-mail: johann_opitz@smtp.svl.trw.com == == All Disclaimers Apply (so as to protect my employer) ==