Videos tagged with Ron Kind

This news minute from the NRA-ILA discusses two key legislative and legal developments. First, it details the NRA's support for a lawsuit challenging Chicago's restrictive new gun control ordinance, enacted after the McDonald v. City of Chicago Supreme Court ruling. Second, it highlights the bipartisan passage of HR 5552 in the House, which adjusts the firearms excise tax payment schedule to quarterly, aiming to stimulate industry investment and increase wildlife conservation funding.

The U.S. House of Representatives has passed the Firearms and Ammunition Excise Tax Improvement Act of 2010. This bipartisan bill, co-sponsored by Representatives Ron Kind and Paul Ryan, allows firearms and ammunition manufacturers to pay excise taxes on a quarterly basis instead of bi-weekly. This change aims to support industry growth, product development, and reinvestment, while correcting a long-standing inequity in the tax code. The bill now moves to the U.S. Senate, where it is sponsored as S.632 by Senators Marcus and Crapo.