H.R.226 - Support Assault Firearms Elimination and Reduction for our Streets Act

H.R.226 - Support Assault Firearms Elimination and Reduction for our Streets Act - Bill Text | Congress.gov | Library of Congress

`SEC. 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.
``(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.
``(c) Assault Weapon.--For purposes of this section--
``(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,

So, I go and order these.

Akm / Akms Receiver Blank - 1003555, Tactical Rifle Acc at Sportsman's Guide


drill some holes and dremel out the magwell.

At that point, according to the ATF, it's a gun.

And mind you, it's an AK .. which is eligble for the credit. And I'd legally own it.

Fricken sweet, for less than 30 bucks and 15 minutes I'm getting 2k tax credit.

Hmm I wonder.

 

I see you noticed the potential acronym. Yep, you know every dolt is going to vote for having SAFER Streets
effing a hats.

 

It should also be called
Strategically Attack Freedoms Eliminating Resistance from our Serfs Act

 

Great! Another waste of our taxes.

 

That's redundant...

 

That's great VisuTrac, it fits it to a T!

 

Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.
Mark Twain