Exempts certain less-than-lethal projectile devices and their cartridges from the federal firearms and ammunition excise tax, and removes those devices from the National Firearms Act's definition of a firearm.

• Exempts devices that cannot readily fire handgun, rifle, or shotgun ammunition or projectiles over 500 feet per second, and that are not likely to cause death or serious bodily injury.
• Requires the Treasury Secretary to decide within 90 days whether a device qualifies, when a manufacturer, producer, or importer asks.
• Requires the Secretary to publish yearly lists of qualifying devices and of non-lethal devices whose projectiles exceed 500 feet per second, with an annual report to the House Ways and Means and Senate Finance committees.
• Applies to articles sold after enactment, and treats requests received in the 180 days after enactment as received at the end of that period.

• Ways and Means Committee (House)

Taxation