RIFLE Act seeks to repeal NFA Transfer taxes

[theGinsue]

I just posted this article in the Legislation and Politics forum regarding the proposed RIFLE Act which seeks to eliminate the excise taxes charged for items covered under the NFA.

While the article specifically mentions firearms (and it appears it definitely applies to SBR's and short-barrelled shotguns), I'm curious as to your opinions as to whether, if passed, this Act would also eliminate the tax stamp requirement for suppressors.

[ray1970]

Meh. Eliminating the tax would be cool but what would be even cooler is eliminating all of the red tape and waiting involved.

[Joe_K]

Have not read the proposed legislation, but, it should remove the taxes associated with everything NFA related. At $200 a pop, M67s are getting harder and harder to stock up on.

In all seriousness, I would prefer it being the inverse. No registration of NFA items, work on getting the tax repealed after that. But, the Republic was not destroyed in a day, or in one bill, so it definitely wont be reinstated without playing the long game. See the advancement of Constitutional Carry. What are we at? 30/50 States? Up from 1/50 in the last 35 years or so?

[BladesNBarrels]

A concern I have heard expressed over the years is that if the NFA taxes are opened up for change or review, we may end up with either prohibition or a big increase.
The 200 dollar tax was imposed in 1934 when Thompson's were selling in 175 to 200 dollar range, so the 200 dollar tax was a real burden.
Some progress has been made for Suppressors and SBR processing since the first week of April.
E-Form filings from Silencer Shop have been as short as 1-day to 3-day approvals once submitted.
Paper Form 4's seem to be still taking multiple months.

[SAnd]

I posted this up in the Legislation forum but thought I should repeat it here...
NFA items, including silencers, are illegal in Colorado by state law.
It is an "affirmative defense" if "said person has a valid permit and license for possession of such weapon." Having your NFA Form 4 or 1 or other Form in the registry is considered having a permit or license.
If the registry is eliminated it takes away the affirmative defense. No more NFA in Colorado.
It looks like the RIFLE Act would keep the Forms and Registry so Colorado citizens would still be able to legally own NFA stuff.

[bellavite1]

Looks like it passed the House.

Any updates as to how this would affect Colorado ownership (and future purchases) of suppressors?