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California – First to Enact Statewide Gun and Ammo Tax

September 27, 2023 By Debbie Young

President Joe Biden greets California Gov. Gavin Newsom (D) as he arrives at Mather Airport on Air Force One Monday, September 13, 2021, in Mather, California, for a briefing on wildfires at the California Governor’s Office of Emergency Services. (Official White House Photo by Adam Schultz)

On Tuesday, California Gov. Gavin Newsom signed a law adding an 11% state tax to firearms, firearm parts, and ammunition. The proceeds, reports the WSJ, will be used to fund security in public schools and violence prevention programs.

The move made California the first state in the country to levy an excise tax on guns and ammunition. The federal government currently imposes a 10 percent tax on wholesale prices for handguns and an 11 percent tax on long guns and ammunition.

Gov. Newsom also signed a measure limiting where people can carry concealed firearms.

Though California already has some of the most stringent gun regulations in the nation, the tax measure was one of the most contentious in the final days of the Democratic-controlled state legislature’s 2023 session, which ended Sept. 14.

Because it is a tax increase, the bill required a two-thirds majority in both chambers to pass. It received just barely that amount in both chambers, with no Republicans voting in favor and a few Democrats from rural districts opposing it or not voting.

Governor Newsom has made gun control a signature issue as he has built more of a national profile in the past year, observes the WSJ.

(Newsom) is pursuing an amendment to the U.S. constitution that would raise the minimum age to buy a gun to 21, ban the sale of guns classified as assault weapons, and institute universal background checks to purchase a firearm.

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Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over five decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
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