Establishes an excise tax on firearms and ammunition sales in Massachusetts.

The bill establishes an excise tax on firearms and ammunition sales in Massachusetts. Licensed sellers of firearms and ammunition must pay an excise tax of 4.75% of the wholesale value of each item sold. All revenues from this tax, along with penalties and fines, will be credited to the Public Health and Safety Fund. This fund supports community-based public health interventions and research to prevent gun violence, and services for gun violence survivors and victims’ family members.

Establishes an excise tax on firearms and ammunition sales in Massachusetts.

The bill establishes an excise tax on firearms and ammunition sales in Massachusetts. Licensed sellers of firearms and ammunition must pay an excise tax of 4.75% of the wholesale value of each item sold. All revenues from this tax, along with penalties and fines, will be credited to the Public Health and Safety Fund. This fund supports community-based public health interventions and research to prevent gun violence, and services for gun violence survivors and victims’ family members.