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H.R. 3245 (103rd): To amend the Internal Revenue Code of 1986 to increase the tax on firearms.


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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


10/7/1993--Introduced. Amends the Internal Revenue Code to increase the excise tax on pistols, revolvers, and other firearms. Establishes the Hospital Gunshot Cost Relief Trust Fund to assist urban hospitals in defraying costs incurred in providing medical care to gunshot victims who are not covered under any health plan. Transfers the net revenues from the excise tax to such Fund.