Bill > S05813

This bill establishes an 11% excise tax on the gross receipts from retail sales of firearms, major firearm components, and ammunition in New York, starting July 1, 2026. The legislation creates a Gun Violence Prevention and School Safety Fund, which will receive all revenue generated from this new tax. Licensed firearms dealers, manufacturers, and ammunition sellers must register with the state, maintain detailed records, and file quarterly returns. The bill includes several exemptions, such as sales to law enforcement agencies and dealers with less than $5,000 in quarterly sales. The fund will support various initiatives including school safety programs, court-based firearm relinquishment efforts, victim support services, gun violence research, and community-based prevention activities. Dealers must obtain and maintain a certificate of registration, which can be revoked for various violations, and the state police will collaborate with tax authorities to administer and enforce the new regulations. The bill aims to generate revenue for gun violence prevention while creating additional regulatory oversight for firearms and ammunition sales in New York State.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S5813