Tax deductions for surrendering your assault weapons.
EC. 25E. ASSAULT WEAPON TURN-IN CREDIT.
``(a) Allowance of Credit.--
``(1) In general.--In the case of an individual who
surrenders a specified assault weapon to the United States or a
State or local government (or political subdivision thereof) as
part of a Federal, State, or local public safety program to
reduce the number of privately owned weapons, on the election
of the taxpayer there shall be allowed as a credit against the
tax imposed by this chapter an amount equal to $2,000.
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OK what is legaly owned????????? are my home mades legaly owned ?? are my face to facer purchases legaly owned????????
OK NOW IM PISSED SO NOW MY TAX DOLLARS ARE GOING TO TAX BREAKS FOR GUYS WHO TURN THERE GUNS IN???????????????????????????????// BASICALY IF THEY DONT PAY TAXES SOME ONE HAS TO TAKE UP THE SLACK
HOW ABOUT A TAX BREAK FOR EVERY ILLEGALE I TURN IN?????? AT TLEAS TWE WOULD SAVING MONEY BY NOT HAVING TO SUPPORT THEM.
ID LOVE TO SEE A BILL FOR TURNING IN A CRIMINAL IE A ILLEAGLE ALIEAN GETTING A TAX BREAK. IF IT WAS PUT TO A VOTE OF THE AMERICAN PEOPLE IT WOULD PASS.
It looks like they are only allowing 1 per year for 2000 credit. So I call up Nodak spuds and buy a blem AK reciever for 99 bucks or so, pay the FFL transfer of 30 bucks. Wait for tax time and "turn in this assault weapon, since the reciever is the weapon, batf's own rules correct? I get a net of 1871 dollars back in taxes plus whatever my regular refund is. jim
OK LET ME SEE IF I HAVE THIS STRAIGHT I CAN TURN IN A $300 GUN I JUST BOUGHT AN GET A $2000 TAX BREAK????????? HMMMMM HOWMUCH DOES A IT COST TO MAKE A BLOW BACK AK CLONE WITH A BLACK PIP BARREL????
I SEE SAIGA ON HTE LISE AN ITS NOT EVEN A SO CALLED ASSULT STYLE WEAPON ASSULT WEAPON WTF
Quote:
``(1) In general.--The term `specified assault weapon'
means any of the following:
``(A) The following rifles or copies or duplicates
thereof:
``(i) AK, AKM, AKS, AK-47, AK-74, ARM,
MAK90, Misr, NHM 90, NHM 91, SA 85, SA 93,
VEPR,
``(ii) AR-10,
``(iii) AR-15, Bushmaster XM15, Armalite
M15, or Olympic Arms PCR,
``(iv) AR70,
``(v) Calico Liberty,
``(vi) Dragunov SVD Sniper Rifle or
Dragunov SVU,
``(vii) Fabrique National FN/FAL, FN/LAR,
or FNC,
``(viii) Hi-Point Carbine,
``(ix) HK-91, HK-93, HK-94, or HK-PSG-1,
``(x) Kel-Tec Sub Rifle,
``(xi) M1 Carbine,
``(xii) Saiga,
``(xiii) SAR-8, SAR-4800,
``(xiv) SKS with detachable magazine,
``(xv) SLG 95,
``(xvi) SLR 95 or 96,
``(xvii) Steyr AUG,
``(xviii) Sturm, Ruger Mini-14,
``(xix) Tavor,
``(xx) Thompson 1927, Thompson M1, or
Thompson 1927 Commando, or
``(xxi) Uzi, Galil and Uzi Sporter, Galil
Sporter, or Galil Sniper Rifle (Galatz).
``(B) The following pistols or copies or duplicates
thereof:
``(i) Calico M-110,
``(ii) MAC-10, MAC-11, or MPA3,
``(iii) Olympic Arms OA,
``(iv) TEC-9, TEC-DC9, TEC-22 Scorpion, or
AB-10, or
``(v) Uzi.
``(C) The following shotguns or copies or
duplicates thereof:
``(i) Armscor 30 BG,
``(ii) SPAS 12 or LAW 12,
``(iii) Striker 12, or
``(iv) Streetsweeper.
``(D) A semiautomatic rifle that has an ability to
accept a detachable magazine, and that has--
``(i) a folding or telescoping stock,
``(ii) a threaded barrel,
``(iii) a pistol grip,
``(iv) a forward grip, or
``(v) a barrel shroud.
``(E)(i) Except as provided in clause (ii), a
semiautomatic rifle that has a fixed magazine with the
capacity to accept more than 10 rounds.
``(ii) Clause (i) shall not apply to an attached
tubular device designed to accept, and capable of
operating only with, .22 caliber rimfire ammunition.
``(F) A semiautomatic pistol that has the ability
to accept a detachable magazine, and has--
``(i) a second pistol grip,
``(ii) a threaded barrel,
``(iii) a barrel shroud, or
``(iv) the capacity to accept a detachable
magazine at a location outside of the pistol
grip.
``(G) A semiautomatic pistol with a fixed magazine
that has the capacity to accept more than 10 rounds.
``(H) A semiautomatic shotgun that has--
``(i) a folding or telescoping stock,
``(ii) a pistol grip,
``(iii) the ability to accept a detachable
magazine, or
``(iv) a fixed magazine capacity of more
than 5 rounds.
``(I) A shotgun with a revolving cylinder.
``(J) A frame or receiver that is identical to, or
based substantially on the frame or receiver of, a
firearm described in any of subparagraphs (A) through
(I) or (L).
``(K) A conversion kit.
``(L) A semiautomatic rifle or shotgun originally
designed for military or law enforcement use, or a
firearm based on the design of such a firearm, that is
not particularly suitable for sporting purposes, as
determined by the Attorney General. In making the
determination, there shall be a rebuttable presumption
that a firearm procured for use by the United States
military or any Federal law enforcement agency is not
particularly suitable for sporting purposes, and a
firearm shall not be determined to be particularly
suitable for sporting purposes solely because the
firearm is suitable for use in a sporting event.
``(2) Related definitions.--
``(A) Barrel shroud.--The term `barrel shroud'
means a shroud that is attached to, or partially or
completely encircles, the barrel of a firearm so that
the shroud protects the user of the firearm from heat
generated by the barrel, but does not include a slide
that encloses the barrel, and does not include an
extension of the stock along the bottom of the barrel
which does not encircle or substantially encircle the
barrel.
``(B) Conversion kit.--The term `conversion kit'
means any part or combination of parts designed and
intended for use in converting a firearm into a
semiautomatic assault weapon, and any combination of
parts from which a semiautomatic assault weapon can be
assembled if the parts are in the possession or under
the control of a person.
``(C) Detachable magazine.--The term `detachable
magazine' means an ammunition feeding device that can
readily be inserted into a firearm.
``(D) Fixed magazine.--The term `fixed magazine'
means an ammunition feeding device contained in, or
permanently attached to, a firearm.
``(E) Folding or telescoping stock.--The term
`folding or telescoping stock' means a stock that
folds, telescopes, or otherwise operates to reduce the
length, size, or any other dimension, or otherwise
enhances the concealability, of a firearm.
``(F) Forward grip.--The term `forward grip' means
a grip located forward of the trigger that functions as
a pistol grip.
``(G) Pistol grip.--The term `pistol grip' means a
grip, a thumbhole stock, or any other characteristic
that can function as a grip.
``(H) Threaded barrel.--The term `threaded barrel'
means a feature or characteristic that is designed in
such a manner to allow for the attachment of a firearm
as defined in section 5845(a) of the National Firearms
Act (26 U.S.C. 5845(a)).
``(d) Termination.--This section shall not apply with respect to
any weapon surrendered during a taxable year beginning more than 2
years after the date of the enactment of the Support Assault Firearms
Elimination and Reduction for our Streets Act.''.
(b) Clerical Amendment.--The table of sections for subpart A of
part IV of subchapter A of chapter 1 is amended by inserting before the
item relating to section 26 the following new item:
``Sec. 25E. Assault weapon turn-in credit.''.
(c) Effective Date.--The amendments made by this Act shall apply to
taxable years beginning after the date of the enactment of this Act.
OK SO I TAKE A $100 JENNING 22 PISTOL AN THREAD THE BARREL OR ADD A FORWARD GRIP ( DONT LAUGH) AN TURN IT IN I COULD GET A TAX BREAK???? lmfao
HOW BIG DOES A FORWARD GRIP NEED TO BNE TO BE A GRIP LOL ILL JUST WELD ON A BOLT TO THE FRONT OF THE FRAME.
SERIOULS I HOPE THIS STUPID SHIT PASSES I COULD USE THE MONEY I SAVE ON TAXES TO BUY AMMO . ARE THESE PEOPLE JUST PLAIN STUPID????????? ALSO THE LIST OF GUNS LOOKS LIKE CALIFORNIAS BANNED GUNS.
HMMM A AK RECIVER IS THE GUN CORRECT ????? YES SIR OFFICER THIS HERE IS A AK 47 I BUILT INTHE GARAGE ITS MISSING A FEW PARTS BUT ITS LEGALY A RIFLE SO PAY UP.
WHATS THE CHEAPEST 22LR IN SA WITH A MAG ???? ADD A GRIP OR WELD A PIPE NIPPLE TO THE BARREL AN TURN IT IN.
I WOULD NOT BE SO AGAINST THE LAW BUT ITS RIDDELED WITH LOOPHOLES THAT WILL GET USED MAKING THE REST OF US PAY MORE IN TAXES.
``(F) A semiautomatic pistol that has the ability
to accept a detachable magazine, and has--
``(i) a second pistol grip,
``(ii) a threaded barrel,
``(iii) a barrel shroud, or
``(iv) the capacity to accept a detachable
magazine at a location outside of the pistol
It looks like they are only allowing 1 per year for 2000 credit. So I call up Nodak spuds and buy a blem AK reciever for 99 bucks or so, pay the FFL transfer of 30 bucks. Wait for tax time and "turn in this assault weapon, since the reciever is the weapon, batf's own rules correct? I get a net of 1871 dollars back in taxes plus whatever my regular refund is. jim
NO your going to have to be more creative
1 nds is out of those Im pretty sure if there not pm me
2 a bare reciver is not a specific type of gun. it can be any thing from a pistol to a bolt action to a pump. rememaber the pump action aks. there also bolt action uppers for the ars an I even have seen a black powder muzzleloader on ak reciver. the atf or you cant say its a specific weapon until it actualy is. this is also likely going to apply to guys who think there going to grandfather a recvier in as a assult weapon if laws change likely you can not. when you ffl your recivers for the last few years it was marked as other or something like that.
I have two nds 7 yugos tranfered in as pistol on the last day the old forms were used so they are technicaly a pistol but even then untll built there not a semiauto. now the atf might say hey pal that thing will take all sa parts as is so were calling it a assult weapon if they were banned. but right now there not on a list of assult weapons the new laws may likely list them an if so it may not matter if you built it as bolt action they might say once a semi auto capiable reciver always even if it never was built that way.
3 The law will never pass its to full of stupid loopholes. hell for that kind if break id toss a pistol crip on my 10-22 an take it in.
id love to have the sponsoes attention for 10 minutes in front of a TV camera Fing idiots. I see nothing me from buying a legal cheap 22 lr adding a pistol grip an turning it in the next day. completely assanine thinking . an unless its reported stolen you would be the legal owner if you possessed it. so they don't want stolen guns from crooks ?????????????? brilliant the one thing that might have reduced crime is a no no .
You want to get bad guns out of the hands of criminals offer a $2000 reward for info on people who have stolen guns bet thery might get a few tips an get that gun back to its rightfull owner an lock up the crook . nahhhhhh that would make two much sence. .
So, basically, this would be a Federal buy-back program.
Congress just raised my taxes; the United States is bankrupt and hopelessly in debt, and yet they'll still come up with this sort of thing.
Plus do not forget, they also got a nice raise as a Christmas present from Nappy.
If weapon and ammo sales keep going, they could pay off our national debt.
You brought up a good point. With this gun ban crap, that is not going to work, they have distracted from the "Fiscal Cliff."
Nappa Head is cutting back on the defense industry, Military, now the weapons industry?
Wake up you friggen idiot, 48 million on food stamps, do you want another 48 million?
Their is not enough dumpsters for diving to go around..
Hungry people turn too crime. I am getting old, hope I live to watch this show.
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