S.3512

Medicare Investment and Gun Violence Prevention Act imposes a $200 tax on each firearm transfer and manufacture, with a $5 tax on other weapons, and.

The Medicare Investment and Gun Violence Prevention Act reinstates a $200 tax on each firearm transfer and manufacture, except for other weapons which are taxed at $5. The tax revenue generated is directed to the Medicare part A trust fund, with an additional $1.7 billion appropriated for fiscal year 2026. The changes apply to calendar quarters starting 90 days after the act's enactment.