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Beginning July 1, 2024, a new excise tax of 11% will be applied to all firearm, firearm precursor parts, and ammunition retail sales.
California FFLs must collect this excise tax on all specified items and report gross sales quarterly. This excise tax applies to all retail transactions (in store on online) for California purchasers.
Key Takeaway
New 11% excise tax begins on July 1, 2024 on all firearms, firearm precursor parts, and ammunition.
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