Look at California..milking the gun crowd for money..most of which will be spent is ways that make them gnash their teeth..gottta love it~
California will become the first state in the nation to impose an excise tax on gun and ammunition sales under a measure signed into law Tuesday by Gov. Gavin Newsom.
Starting next July, the state will collect an 11% tax on retail sales of guns, gun parts and ammunition. The money would be used for gun-violence prevention, enhanced school safety and programs geared toward victims of gun violence.
The tax won’t apply to sales made to law-enforcement agencies and their current or former officers. The state already charges a $37.19 fee on each firearm sale to fund law enforcement.
There is already a federal excise tax of 10% on wholesale prices for handguns and 11% for long guns and ammunition, which go toward conservation and hunter education programs. In addition, several local governments impose excise taxes on gun sales, including Seattle and Tacoma in Washington and Cook County in Illinois.
MSN
www.msn.com
California will become the first state in the nation to impose an excise tax on gun and ammunition sales under a measure signed into law Tuesday by Gov. Gavin Newsom.
Starting next July, the state will collect an 11% tax on retail sales of guns, gun parts and ammunition. The money would be used for gun-violence prevention, enhanced school safety and programs geared toward victims of gun violence.
The tax won’t apply to sales made to law-enforcement agencies and their current or former officers. The state already charges a $37.19 fee on each firearm sale to fund law enforcement.
There is already a federal excise tax of 10% on wholesale prices for handguns and 11% for long guns and ammunition, which go toward conservation and hunter education programs. In addition, several local governments impose excise taxes on gun sales, including Seattle and Tacoma in Washington and Cook County in Illinois.