§ 5811. Transfer tax
§ 5811.
Transfer tax
(a)
Rate
There shall be levied, collected, and paid on firearms transferred a tax at the rate of—
(1)
$200 for each firearm transferred in the case of a machinegun or a destructive device, and
(2)
$0 for any firearm transferred which is not described in paragraph (1).
(b)
By whom paid
The tax imposed by subsection (a) of this section shall be paid by the transferor.
(c)
Payment
The tax imposed by subsection (a) of this section shall be payable by the appropriate stamps prescribed for payment by the Secretary.