summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill imposes on a person making retail sales of firearms or ammunition in this State: a 2.5 percent tax on gross receipts from retail sales of firearms, and a 10 percent tax on gross receipts from retail sales of firearms ammunition. Sales to agencies of federal, State, or local government are exempt from the taxes imposed by the bill. The bill defines "firearms" as any weapons that expel a projectile with potentially lethal force via the action of an explosive or other form of combustion, which weapons are capable of being transported and fired by a person. "Firearms ammunition" is defined as self-contained cartridges or shotgun shells and their components sold for use in loading firearms ammunition, including, but not limited to, primers, bullets, shot, slugs, missiles or other projectiles, casings, shells and hulls, black powder, smokeless powder and other propellants, and other products incorporated in firearms cartridges and shells or used in muzzle loads, such as wads and sealants. The bill takes effect upon enactment and applies to gross receipts from sales made beginning on or after the first day of the first calendar quarter beginning at least 30 days after the date of enactment.
AI Summary
This bill imposes a new tax on retail sales of firearms and ammunition within the state, requiring sellers to pay a 2.5% tax on their gross receipts from firearm sales and a 10% tax on their gross receipts from ammunition sales. "Firearms" are defined as any weapon that expels a projectile with potentially lethal force through an explosive or combustion, capable of being carried and fired by a person, while "firearms ammunition" includes cartridges, shells, and their components like primers, bullets, powder, and casings. Sales made to federal, state, or local government agencies are exempt from these taxes, as are sales where the seller can prove the items were delivered outside the state. The tax will be administered by the Director of the Division of Taxation and will apply to sales made starting on the first day of the calendar quarter that begins at least 30 days after the bill becomes law.
Committee Categories
Justice
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Law and Public Safety Committee (on 01/13/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/S2306 |
| BillText | https://pub.njleg.gov/Bills/2026/S2500/2306_I1.HTM |
Loading...