HB1094 • 2026

Firearms; excise tax on manufacturers.

<p class=ldtitle>A BILL to amend the Code of Virginia by adding in Title 58.1 a chapter numbered 6.3, consisting of sections numbered 58.1-663 through 58.1-666, relating to retail sales and use tax; firearm and ammunition tax.</p>

Firearms Taxes

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Laufer
Last action: 2026-02-11
Official status: Incorporated
Effective date: Not listed

Plain English Breakdown

The bill text does not provide specific details on how the Virginia Gun Violence Intervention and Prevention Fund will use the collected funds.

Firearms and Ammunition Tax for Virginia

This law imposes a tax on firearm and ammunition manufacturers in Virginia to fund the Virginia Gun Violence Intervention and Prevention Fund.

What This Bill Does

Imposes an excise tax of 11% on gross receipts from selling firearms or ammunition by manufacturers.
Exempts sales to federal, state, and local law enforcement agencies from this tax.
Requires all collected taxes to be distributed to the Virginia Gun Violence Intervention and Prevention Fund.

Who It Names or Affects

Firearm and ammunition manufacturers in Virginia
Law enforcement agencies

Terms To Know

Gross receipts: The total income from sales before any deductions or expenses are subtracted.
Excise tax: A tax on specific goods, like firearms and ammunition, rather than a general sales tax.

Limits and Unknowns

Does not specify how the Virginia Gun Violence Intervention and Prevention Fund will use the collected funds.
The effective date is July 1, 2026.

Bill History

2026-02-11 Finance
Incorporated by Finance (HB919-Lopez) (Voice Vote)
2026-02-10 Subcommittee #2
Subcommittee recommends incorporating (Voice Vote)
2026-02-06 Subcommittee #2
Assigned HFIN sub: Subcommittee #2
2026-02-01 House
Fiscal Impact statement From TAX (2/1/2026 11:20 am)
2026-01-14 House
Prefiled and ordered printed; Offered 01-14-2026 26104910D
2026-01-14 Finance
Referred to Committee on Finance

Official Summary Text

Firearms; excise tax on manufacturers.
Imposes a firearm and ammunition tax equal to 11 percent of the gross receipts from the sale and distribution of any firearm or ammunition by a firearms or ammunition manufacturer, as such terms are defined in the bill. The bill provides that proceeds from such tax shall be distributed to the Virginia Gun Violence Intervention and Prevention Fund.

Current Bill Text

Read the full stored bill text

A BILL to amend the Code of Virginia by adding in Title 58.1 a chapter numbered 6.3, consisting of sections numbered
58.1-663
through
58.1-666
, relating to retail sales and use tax; firearm and ammunition tax.

Be it enacted by the General Assembly of Virginia:

1. That the Code of Virginia is amended by adding in Title 58.1 a chapter numbered 6.3, consisting of sections numbered
58.1-663
through
58.1-666
, as follows:

CHAPTER

6.3
.

FIREARM AND AMMUNITION TAX
.

58.1-663
. Definitions.

As used in this chapter, unless the context requires a different meaning:

"Firearm" means any assault firearm, firearm, or handgun, as such terms are defined in §
18.2-308.2:2
. "Firearm"
doe
s not include any antique firearm or curios or relics, as such terms are defined in §
18.2-308.2:2
.

"
Firearm
s
and ammunition
manufacturer
"
means any entity licensed to manufacture firearms
or ammunition
pursuant to
18 U.S.C
.
§ 923
.

"
Gross receipts
"
means the same as
that
term is defined in §
58.1-3700.1
.

§
58.1-664
. Firearm and ammunition t
ax.

A.
In
addition to all other taxes and fees of every kind now imposed by law
, beginning on J
uly
1, 2026
,
an excise tax is hereby imposed upon firearm
s

and
ammunition manufacturers
at the rate of 11 percent of the gross receipts from the sale
and distribution
in the Commonwealth of any firearm
s
or ammunition.
No discount under §
58.1-622
shall be allowed for the
tax
imposed under this chapter.

The tax imposed by this chapter shall not apply to
the gross receipts from the retail sale of any firearm, firearm precursor part, or ammunition to
any federal, state, or local law-enforcement
agency
.

§
58.1-665
. Disposition of revenue; allowable uses.

The
Department shall distribute the proceeds received from the
tax imposed by this chapter to the
Virginia Gun Violence Intervention and Prevention Fund established pursuant to §
9.1-116.6
.

§
58.1-666
. Provisions of Chapter 6 of this title to apply, mutatis mutandis.

The Department shall administer the collection of th
e
tax
imposed by this chapter
in accordance with the provisions of Chapter 6 (§
58.1-600
et seq.), mutatis mutandis
, except as herein provided.