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Originally posted by OperationLovestrike
On January 13, 2013, H.R. 226 was introduced in the House of Representatives by Connecticut Democrat Rep. Rosa DeLauro. The bill will amend the 1986 IRS code and allow a credit if taxpayers “surrender” their guns to the government.
How many people do you think are going to give up their guns for this? This is the first step. What's next?
Originally posted by GoOfYFoOt
(and there is a list of specific ones that looks strangely familiar; old rusty revolvers are not on it)
(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.
``(2) Year credit allowed.--The amount of the credit under
paragraph (1) shall be allowed 1/2 for the taxable year
during which the assault weapon was so surrendered and 1/2 in
the next taxable year.
``(b) Special Rules.--
``(1) Weapon must be lawfully possessed.--No credit shall
be allowed under subsection (a) with respect to any specified
assault weapon not lawfully possessed by the taxpayer at the
time the weapon is surrendered.
``(2) Substantiation requirement.--No credit shall be
allowed under subsection (a) for the surrender of any specified
assault weapon unless the taxpayer substantiates the surrender
by a contemporaneous written acknowledgment of the surrender by
the Federal, State, or local governmental entity to which the
weapon is surrendered.
``(3) Denial of double benefit.--The taxpayer may elect the
application of this section with respect to only 1 weapon, and
if such election is made for any taxable year, no deduction
shall be allowed under any other provision of this chapter with
respect to the surrender or contribution of the specified
assault weapon.
Originally posted by TKDRL
Doh, scratch that, there are some pistols and shotguns listed as well.
Originally posted by Mr Tranny
Originally posted by GoOfYFoOt
(and there is a list of specific ones that looks strangely familiar; old rusty revolvers are not on it)
Do you honestly think they are going to stop at that?
Heck, you can get arrested in California if you are caught with a marlin model 60 with an older style full size magazine tube on it.
Stuff like that will be making it’s way to the rest of the US pretty soon. I am just waiting for them to classify my old marlin model 60 as a high capacity assault weapon.
Originally posted by GoOfYFoOt
a Ruger 10/22 would not be on the list and your Marlin, would be...
Originally posted by Mr Tranny
Originally posted by GoOfYFoOt
a Ruger 10/22 would not be on the list and your Marlin, would be...
With the wording they have now, any 10/22 with a stock kit, or threaded barrel kit will be worth a $2000 tax cut.
If you want a 10/22 get one now, because they will probably be going for $1000 to $2000 if that bill is passed.
“Why should I sell this to you for $500 when I can take it to the government and get $2000?”
Originally posted by GoOfYFoOt
reply to post by TKDRL
It says right in the bill, that the guns, (and there is a list of specific ones that looks strangely familiar; old rusty revolvers are not on it) must be "legally owned" to get the credit, so someone will be checking, I'm sure...
But, what happens when your average senior citizen who happens to live in a town with an IRS building in it, takes their "assault weapon" in to "surrender" it???