Virginia SB763 imposes a tax on firearms and ammunition sales to fund gun violence intervention and prevention.
Virginia SB763 imposes an excise tax on firearms and ammunition sales, effective July 1, 2026. The tax applies to manufacturers and distributors, calculated as a percentage of gross receipts. Revenue from this tax will be directed to the Virginia Gun Violence Intervention and Prevention Fund. The bill defines "firearm" to include assault firearms, firearms, and handguns, as per state law. The tax does not apply to sales to federal, state, or local law enforcement agencies.
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