American Military News by Hanh Truong - The Sacramento Bee July 04, 2024
You’ll soon have to pay more for guns and ammo in California, due to a new law.
Starting July 1, Assembly Bill 28 requires manufacturers, vendors and dealers to pay an 11% tax on firearms and ammunition to fund violence prevention efforts.
It’s one of several new laws focused on gun control, including limiting concealed weapons in public and requiring financial institutions to track firearm sales.
What to know about the new gun tax law:
How does new California law work?
Assembly Bill 28 — also known as the Gun Violence Prevention and School Safety Act — imposes an excise tax of 11% of the gross receipts from retail sales of firearms, firearm precursor parts and ammunition.
Sellers of guns and ammunition must pay the new state tax on top of the 10% to 11% federal excise tax they already pay to fund wildlife conservation efforts.
More:
https://americanmilitarynews.com/2024/07/california-now-has-11-tax-on-gun-and-ammunition-due-to-new-law-heres-what-to-know/
