Bill > HB207

This bill establishes a new tax on firearm suppressors, which are devices designed to reduce the sound of a firearm. Starting July 1, 2026, dealers in firearms will be required to pay a $500 tax for each firearm suppressor they sell at retail in Virginia. The bill defines "dealer in firearms" by referencing an existing legal definition and clarifies that "firearm" includes assault firearms, firearms, and handguns, but excludes antique firearms and curios or relics, also referencing existing definitions. Importantly, this tax will not apply to sales of firearm suppressors to federal, state, or local government agencies or to law-enforcement officers for official use. The revenue generated from this tax will be deposited into the state's general fund, and the collection of this tax will be managed by the Department of Taxation in accordance with existing sales and use tax laws, with some specific exceptions outlined in this bill.

Budget and Finance

https://lis.virginia.gov/bill-details/20261/HB207