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Guns and Ammunition Tax Passed by California Senate
An excise tax of 11% would be the first imposed by any state.
www.wsj.com
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If it's anything like the high speed rail they passed in CA, it will be completely ineffective and the funds usage will be a corruption feast.If Gov. Gavin Newsom signs the bill, California would impose an 11% excise tax on all guns and ammunition sales. The proceeds would be spent on gun violence prevention and school safety programs.
The federal government has long imposed an excise tax of 10% on the wholesale price of handguns and 11% on long guns and ammunition, with the proceeds funding conservation and hunter education. Some local jurisdictions including Seattle also have gun taxes.
The California bill passed the upper chamber of the state legislature with 27 senators, all Democrats, voting yes, nine against and four not voting.
Under the bill, sales made to law enforcement agencies and officers, or retired officers, would be exempt. In addition, firearms vendors with less than $5,000 in sales per quarter wouldn't have to impose the tax.
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California already imposes a fee of $37.19 on the sale of each firearm, the proceeds of which go toward law enforcement.