The California legislature passed a new excise tax specifically on firearms, firearm precursor parts and ammunition. The 11% levy, paid in addition to sales taxes, would take effect on July 1, 2024. The state has a base statewide sales tax of 7.25% with most cities and counties imposing additional sales taxes, meaning buyers of guns, parts and ammunition would pay taxes of at least 18.25% on their purchases in California. Critics of the measure say it exceeds legislative authority by taxing a constitutional right.
AB 28, introduced by Assemblymembers Jesse Gabriel, D – Woodland Hills, and Kevin McCarthy, D – […]
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