Victims of Handgun Crimes Compensation Tax Act of 1987

Summary

Victims of Handgun Crimes Compensation Tax Act of 1987 - Amends the Internal Revenue Code to increase from ten percent to 40 percent the excise tax on pistols and revolvers. Establishes in the Treasury a trust fund to be known as the Victims of Handgun Crimes Trust Fund. Appropriates to such Trust Fund an amount equivalent to 62.5 percent of the amounts received through the imposition of the excise tax on pistols and revolvers. Amends the Victims of Crime Act of 1984 to require the Attorney General to make grants to eligible crime victim compensation programs from such trust fund.

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1 official file

• Introduced in House

  summary · EN · 7 January 1987

  Open at official source

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