Scott Murphy on The Second Amendment

Last Updated : May 06, 2010

 

Sponsored and Cosponsored Legislation

Session-111; Bill Number-H R 5552; Firearms Excise Tax Improvement Act of 2010 - Cosponsor

Amends the Internal Revenue Code to require: (1) excise taxes on recreational equipment to be due and payable on the date for filing the return for such taxes (i.e., quarterly); and (2) the Secretary of the Treasury to assess and collect, in the same manner as delinquent taxes are assessed and collected, mandatory orders of restitution for victims of crime. Increases by 0.25% in the third quarter of 2015 the estimated tax payments of corporations with assets of not less than $1 billion. Provides for compliance of the budgetary effects of this Act with the Statutory Pay-As-You-Go Act of 2010.

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