Imposes an excise tax on the sales of firearms, major components of firearms, and ammunition; establishes the gun violence prevention and school.
New York A10536 imposes an excise tax on the gross receipts from the sales of firearms, major components of firearms, and ammunition. The tax applies to licensed dealers, firearms manufacturers, and sellers of ammunition, with exemptions for certain law enforcement agencies and active or retired peace officers. The revenue generated from this tax will be deposited into the gun violence prevention and school safety fund.
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