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Proposed gun law wouldn't ban guns, but...

Collected assault weapons are displayed during the LAPD Gun Buyback Program event December 26, 2012 in the Van Nuys area of north Los Angeles. By noon the LAPD had collected more then 420 handguns, rifles, shotguns and assault rifles. Los Angeles' no-questions-asked gun buyback event, where weapons could be exchanged for up to $200, was held five months early after the Connecticut school shooting. Critics question the effectiveness of gun buyback events, arguing that the weapons surrendered tend to be the least likely to be used in criminal activities, such as guns which are old or malfunctioning. Credit: AFP/Getty Images

...it would raise more revenue for the government -- you know, because the price of keeping our children safe comes in the form of higher taxes, or something:

The National Rifle Association’s Institute for Legislative Action warns gun owners that Sen. Dianne Feinstein’s new assault weapons ban would impose a $200 tax on hundreds of existing semi-automatic rifle models.

According to Feinstein’s bill summary, the legislation requires owners of semi-automatic rifles – deemed as assault weapons – to register their gun with the Federal Government under the National Firearms Act.

The National Firearms Act, first enacted in 1934, was passed to choke the sale and transfer of automatic weapons.

Under the current NFA, owners of automatic weapons are allowed to keep their weapons but requires an owner to submit photographs and fingerprints to the Bureau of Alcohol, Tobacco, Firearms and Explosives (BATFE).

$200 tax on an NFA firearm is imposed each time a NFA weapon is registered or transferred to a different address. Presumably, each weapon registered as an NFA firearm would be subject to the same restrictions.

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