Innovate Less Lethal to De-Escalate Tax Modernization Act

Key Provisions

• Exempts certain less-than-lethal projectile devices and their ammunition from federal taxes.
• Removes certain less-than-lethal projectile devices from the strict rules of the National Firearms Act.
• Requires the Treasury Department to decide if a device is "less-than-lethal" within 90 days of a request from its maker.
• Requires the Treasury Department to make public an annually updated list of approved less-than-lethal devices.
• Requires the Treasury Department to make public an annually updated list of non-lethal devices that shoot projectiles faster than 500 feet per second.