GUN LAW

[PharmBoy]

Many of you may have seen an email lately stating that the 2010 Income Tax Form would require that you declare each firearm that you owned and pay a $50 tax on each and every one.  The latest thing that I have received on this subject is explained by the following link:
 http://www.nraila.org/legislation/federal/read.aspx?id=4925

[Valker]

From the link above....

Clearing Up the Rumors: The Truth About The “Gun Tax Bill”
 
Friday, May 29, 2009
 
In the last few weeks, NRA-ILA has received hundreds of e-mails warning us about “SB-2099,” a bill that would supposedly require you to report all your guns on your income tax return every April 15.

Like many rumors, there’s just a grain of truth to this one.  Someone’s recycling an old alert, which wasn’t even very accurate when it was new.

There actually was a U.S. Senate bill with that number that would have taxed handguns—nine years ago.  It was introduced by anti-gun Sen. Jack Reed (D-R.I.), and it would have included handguns under the National Firearms Act’s tax and registration scheme.  This has nothing to do with anyone’s Form 1040, of course.

Fortunately, S. 2099 disappeared without any action by the Senate, back when Bill Clinton was still in the White House.  We reported about it back then, just as we report about new anti-gun bills every week.  Now, it’s time for gun owners to drop this old distraction and focus on the real threats at hand.