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Bill > H0787

VT H0787

VT H0787
An act relating to an excise tax on the sale of firearms and ammunition

summary

Introduced
01/12/2024
In Committee
01/12/2024
Crossed Over
Passed
Dead
05/10/2024

Introduced Session

2023-2024 Session

Bill Summary

This bill proposes to create an excise tax on the sale of firearms and ammunition.

AI Summary

This bill proposes to create an 11% excise tax on the retail sale of firearms, firearm precursor parts, and ammunition in Vermont. The tax would be collected by licensed firearm dealers and ammunition vendors, with 10% of the collected tax retained as payment for their collection and remittance efforts. The revenue from this tax would be deposited into the Domestic and Sexual Violence Special Fund, which provides grants to the Vermont Network against Domestic and Sexual Violence. The bill also amends existing law to add the firearms excise tax revenue as a source of funding for this special fund. The tax would not apply to transfers exempt from background checks, such as transfers to law enforcement agencies or between immediate family members. The bill would take effect on July 1, 2025.

Committee Categories

Budget and Finance

Sponsors (39)

Alyssa Black (D)*,  Julia Andrews (D),  Angela Arsenault (D),  Daisy Berbeco (D),  Tiff Bluemle (D),  Michelle Bos-Lun (D),  Erin Brady (D),  Jessica Brumsted (D),  Elizabeth Burrows (D),  Melanie Carpenter (D),  Ela Chapin (D),  Kevin Christie (D),  Sara Coffey (D),  Esme Cole (D),  Leonora Dodge (D),  Karen Dolan (D),  Caleb Elder (D),  Bobby Farlice-Rubio (D),  Rey Garofano (D),  Leslie Goldman (D),  Edye Graning (D),  Troy Headrick (D),  Lori Houghton (D),  Mary Howard (D),  Noah Hyman (D),  Emilie Krasnow (D),  Martin LaLonde (D),  Kate Logan (D),  Jubilee McGill (D),  Mike Mrowicki (D),  Emma Mulvaney-Stanak (D),  Kelly Pajala (I),  Barbara Rachelson (D),  Mike Rice (D),  Tristan Roberts (D),  Taylor Small (D),  Mary-Katherine Stone (D),  Chea Waters Evans (D),  Dane Whitman (D), 

Last Action

Read first time and referred to the Committee on Ways and Means (on 01/12/2024)

Taxonomy

Law, Crime, and Family Issues
  • ‐ Domestic Violence
  • ‐ Firearms and Gun Control
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text

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bill summary

Document Type Source Location Created
State Bill Page https://legislature.vermont.gov/bill/status/2024/H.787 01/11/2024
BillText https://legislature.vermont.gov/Documents/2024/Docs/BILLS/H-0787/H-0787%20As%20Introduced.pdf 01/11/2024
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