New Jersey S2306 imposes a gross receipts tax on retail sales of firearms and firearms ammunition.
New Jersey S2306 imposes a gross receipts tax on retail sales of firearms and firearms ammunition. The tax rate is 2.5 percent for firearms and 10 percent for firearms ammunition. Sales to federal, state, or local government agencies are exempt. The Director of the Division of Taxation in the Department of the Treasury will collect and administer the tax. The tax takes effect immediately and applies to sales made beginning on or after the first day of the first calendar quarter at least 30 days after the date of enactment.
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