This is the text of the final senate bill passed by the house.
SEC. 70436. REDUCTION OF TRANSFER AND MANUFACTURING TAXES FOR CERTAIN
DEVICES.
(a) Transfer Tax.--Section 5811(a) is amended to read as follows:
``(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) Making Tax.--Section 5821(a) is amended to read as follows:
``(a) Rate.--There shall be levied, collected, and paid upon the
making of a firearm a tax at the rate of--
``(1) $200 for each firearm made in the case of a
machinegun or a destructive device, and
``(2) $0 for any firearm made which is not described in
paragraph (1).''.
(c) Conforming Amendment.--Section 4182(a) is amended by adding at
the end the following: ``For purposes of the preceding sentence, any
firearm described in section 5811(a)(2) shall be deemed to be a firearm
on which the tax provided by section 5811 has been paid.''
(d) Effective Date.--The amendments made by this section shall
apply to calendar quarters beginning more than 90 days after the date
of the enactment of this Act.
The bill was enacted 7/4 and takes effect "calendar quarters more than 90 days after enactment", so it could be two quarters away since 7/4 is into the quarter already. As a result, NO idiot in their right mind will buy anything for at least 90 days, giving everyone a chance to catch up. After that, suppressor prices will drop like a rock. The only things still taxed are MG's and DD's. Everything still follows the NFA process.
With what social security recipients and working people just got in tax breaks, everyone will get at least a free can every year and then some. The NRA has lost another battle.