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The National Firearms Act (NFA), 73rd Congress, Sess. 2, ch. 757, 48 Stat. 1236 was enacted on June 26, 1934, and currently codified and amended as I.R.C. ch. 53. The law is an Act of Congress in the United States that, in general, imposes an excise tax on the manufacture and transfer of certain firearms and mandates the registration of those ...
Firearms subject to the 1934 Act included shotguns and rifles having barrels less than 18 inches in length, certain firearms described as “any other weapons,” machine guns, and firearm mufflers and silencers.
The NFA was enacted in the second session of the 73rd Congress, which met from March 4, 1933 to January 3, 1935. The country was devastated with the effects of the Great Depression, which included the stock market crash, a 25% unemployment rate, and land foreclosures on farmland (Cohen 2009).
The first attempt at federal gun-control legislation, the National Firearms Act (NFA) only covered two specific types of guns: machine guns and short-barrel firearms, including sawed-off shotguns. It did not attempt to ban either weapon, but merely to impose a tax on any transfers of such weapons.
The NFA of 1934. The NFA was originally enacted in 1934. 1 Similar to the current NFA, the original Act imposed a tax on the making and transfer of firearms defined by the Act, as well as a special (occupational) tax on persons and entities engaged in the business of importing, manufacturing, and dealing in NFA firearms. The law also required ...
section. Sec. 3. (a) There shall be levied, collected, and paid upon firearms Transfer tax;stamps, transferred in the continental United States a tax at the rate of $200 for each firearm, such tax to be paid by the transferor, and to. be represented by appropriate stamps to be provided by the Com-.
28 Σεπ 2016 · National Firearms Act, 1934. This legislation is a direct response to gang violence, this act imposed criminal, regulatory and tax requirements on weapons favored by gangsters: machine guns, silencers and sawed-off shotguns. Last Reviewed September 28, 2016.