I guess Gov. Newsom did n't like the magazine ban being overturned so now he is doubling the taxes on guns and ammo.
Here is a link to the story on Fox News.
https://www.foxnews.com/politics/ga...-law-doubling-taxes-guns-ammo-small-price-pay
Exerts from he article.
I wonder how long it will take for this to end up in court.
Here is a link to the story on Fox News.
https://www.foxnews.com/politics/ga...-law-doubling-taxes-guns-ammo-small-price-pay
Exerts from he article.
California Gov. Gavin Newsom signed a law Tuesday that will double the taxes on guns and ammunition, with the new revenue going to safety initiatives.
The federal government collects excise taxes on purchases of firearms and ammunition at either 10% or 11%. The new law adds another 11% excise tax, meaning that Golden State residents can indirectly pay as much as 22%.
California is now the only state in the U.S. that has a special tax on gun purchases. Newsom also signed a law Tuesday that bans people from carrying guns in nearly every public space, which overhauls the state's previous rules for carrying concealed weapons.
The tax does not apply to police officers or to businesses that sell less than $5,000 worth of guns or ammo over a three-month period. The tax is projected to generate $159 million per year, with the money going to the California Violence Intervention and Prevention Grant Program and the State Department of Education.
I wonder how long it will take for this to end up in court.