Law Offices of Connie Yi, PC
California
Estate Planning
& Tax Law
Toll Free: 888-312-6978
Website Navigation Menu

California may start taxing all ammunition sales

Last year a series of high-profile mass shootings cast a national spotlight on the issue of gun control, dividing the nation on the issue of whether more or less regulation is the key to preventing gun violence.

Many states are working on their own gun control legislation, focused on a variety of measures, including banning assault weapons and high-capacity magazines or increasing the use of background checks during gun purchases. This has led some gun rights advocates to buy up large stockpiles of ammunition in recent months. But here in California, lawmakers are considering a tax law change that could affect the state’s gun control landscape.

California lawmakers are considering a proposed law that would place a 10 percent tax on all firearm ammunition sold in the state. The bill was recently approved by the California Assembly’s Revenue and Taxation Committee. The state Board of Equalization has estimated that about $92.4 million will be generated by the new tax.

Gun owners and others who buy ammunition will definitely feel the pinch as they try to stock up. However, law enforcement agencies will be exempt from the tax. Supporters of the bill hope to put the generated revenue toward improving public safety in high-crime areas.

This illustrates the delicate balance that lawmakers must observe when crafting tax laws. On one hand, excessive taxation can be a serious drain on a state’s consumers. However, taxes are a major source of revenue for important state programs that everyone enjoys. If you have a question about taxes it may be wise to consult an experienced tax law attorney.

Source: Opposing Views, “California Approves $92M Ammo Tax To Combat Gun Violence,” Dabney Bailey, May 17, 2013

No Comments

Leave a comment
Comment Information

Contact Us Now to begin your initial consultation

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

FindLaw Network

Office Locations

Law Offices of Connie Yi, PC
490 Post Street, Suite 508
San Francisco, CA 94102
Phone: 415-433-3350
Toll Free: 888-312-6978
Map and Directions

Additional Office Locations:
Pleasanton
323 Ray Street
Pleasanton, CA 94566
Phone: 925-484-0888 
Pleasanton Law Office Map

San Mateo
1900 S. Norfolk Street, Suite 350
San Mateo, CA 94403
Phone: 415-433-3350
Map and Directions

Sunnyvale
1250 Oakmead Pkwy, Suite 210 
Sunnyvale, CA 94085 
Phone: 888-312-6978 
Map and Directions