NFA Gun Trust Lawyer Blog
THE NATIONAL FIREARMS ACT
TITLE 26, UNITED STATES CODE, CHAPTER 53 INTERNAL REVENUE CODE
The National Firearms Act (NFA) is part of the Internal Revenue Code of 1986. All administration and enforcement of the Internal Revenue Code, with the exception of the NFA, is by the Secretary of the Treasury. The ATF administration and enforcement was transferred to the Department of Justice under the Homeland Security Act of 2002.
Teh Attorney General is now in charge of all administration and enforcement of the NFA, were transferred to the Attorney General. The definition in Section 7801(a)(2), Title 26, V.S.C., we changed to provide that references to the term “Secretary” or “Secretary of the Treasury” in the NFA shall mean the Attorney General.
Chapter 53 – Machine Guns, Destructive Devices and Certain other Firearms is broken in to several sections
sub-chapter A Taxes
Part I Special Occupational Taxes
§ 5801 Imposition of Tax § 5802 Registration of importers, manufactures, Dealers
Part II – Tax on transferring firearms
§ 5811 Transfer Tax § 5812 Transfers
Part III – Tax on making firearms
§ 5821 Making Tax § 5822 Making
sub-chapter B General Provisons and Exemptions
Part I – General Provisions
§ 5841 Registration of firearms.
§ 5842 Identification of firearms.
§ 5843 Records and returns.
§ 5844 Importation.
§ 5845 Definitions.
§ 5846 Other laws applicable.
§ 5847 Effect on other laws..
§ 5848 Restrictive use of information.
§ 5849 Citation of chapter.
Part II – Exemptions.
§ 5851 Special (occupational) taxes.
§ 5852 General transfer and making tax exemption.
§ 5853 Transfer and making tax exemption available to certain governmental entities.
§ 5854 Exportation of firearms exempt from transfer tax.
sub-chapter C – Prohibited Acts
§ 5861 Prohibited acts.
sub-chapter D- Penalties and Forfeitures
§ 5871 Penalties.
§ 5872 Forfeitures.