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California enacts first gun and ammunition tax in the country
KTXL) — California Governor Gavin Newsom signed several firearms and ammunition-related bills into law on Tuesday, including one to tax guns and ammunition and another that places more rules on people seeking a concealed carry weapons permit.
The federal government already taxes the sale of guns and ammunition at either 10% or 11%, depending on the type of gun. With the signing of AB 28 on Tuesday, California will now add an 11% excise tax on the purchase of guns and ammunition, an amount that the bill’s author states is lower than the excise tax on marijuana sales.
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