Sunday, April 07, 2013

States look to tax guns, ammo

Cook County, Ill., this month began collecting a $25 tax on gun purchases, and at least six states are considering new taxes on firearms or ammunition as a way to help pay for the consequences of gun violence.  Gun and ammunition purchases are subject to local sales taxes, and manufacturers pay a federal excise tax — 10% for pistols and revolvers, 11% for other guns, shells and cartridges — that funds wildlife programs. Lawrence Keane, general counsel of the National Shooting Sports Foundation, which represents gun manufacturers, distributors and retailers, says proposals for new gun taxes are "a coordinated effort by gun-control groups to try to impose a poll tax on the exercise of the Second Amendment." Such taxes don't create safer communities, Keane says. "They burden and frustrate the exercise of a constitutional right," he says. Legislation introduced in Congress would add a 10% tax to handgun purchases to pay for gun buybacks and other programs. Bills creating new taxes are pending in state legislatures in New Jersey and Washington state. Elsewhere...more

No comments: