Retail Sales and Use Tax; definitions, imposes firearm and ammunition tax.
<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>
FirearmsTaxes
Enacted
This bill passed the Legislature and reached final enactment based on the latest official action.
Sponsor
Williams Graves
Last action
2026-02-25
Official status
Continued
Effective date
Not listed
Plain English Breakdown
The official source material does not provide specific details on the exact distribution of funds or the full enactment status.
Firearm and Ammunition Tax
This law imposes an 11% tax on firearms and ammunition sold by manufacturers in Virginia to support gun violence prevention efforts and community safety.
What This Bill Does
Imposes a 11% tax on the sale of firearms and ammunition by manufacturers, equal to 11 percent of the gross receipts from such sales.
Requires manufacturers to provide an itemized invoice for each firearm or ammunition sold, showing details like manufacturer name, purchaser information, and date of sale.
Sellers must pay the tax if they cannot provide the required invoice.
Who It Names or Affects
Firearms and ammunition manufacturers who sell their products in Virginia
People or businesses that buy firearms or ammunition in Virginia
Terms To Know
Manufacturer
A company that makes and sells firearms or ammunition.
Invoice
A document showing details of a sale, like what was sold, who bought it, and how much it cost.
Limits and Unknowns
The tax will start on July 1, 2027.
It is not clear if the bill has been fully enacted yet as it needs to pass more steps before becoming law.
Amendments
These notes stay tied to the official amendment files and metadata from the legislature.
Plain English: The amendment requires firearms and ammunition manufacturers to provide detailed invoices for each sale and mandates sellers to register and pay taxes if they cannot provide these invoices.
Manufacturers must give a detailed invoice for every firearm or ammunition sold, including the seller's and buyer's information and tax confirmation wording.
Sellers who can't provide such an invoice are required to register with the Department and pay the tax.
The exact penalties or consequences for not complying with these requirements are not specified in this amendment text.
Bill History
2026-02-25Finance
Continued to 2027 in Finance (Voice Vote)
2026-02-24Subcommittee #2
Subcommittee recommends continuing to 2027 (Voice Vote)
2026-02-24Subcommittee #2
House subcommittee offered
2026-02-23Finance and Appropriations
Fiscal Impact statement From TAX (2/23/2026 3:25 pm)
Reported from Finance and Appropriations with substitute (10-Y 5-N)
2026-02-03Finance and Appropriations
Committee substitute printed 26106635D-S1
2026-01-28Senate
Fiscal Impact statement From TAX (1/28/2026 9:12 pm)
2026-01-21Senate
Presented and ordered printed 26104971D
2026-01-21Finance and Appropriations
Referred to Committee on Finance and Appropriations
Official Summary Text
Retail sales and use tax; firearm and ammunition tax.
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 general fund with the intent that such proceeds are used for gun violence prevention efforts and community safety in the Commonwealth. The bill contains a delayed effective date of July 1, 2027.
Current Bill Text
Read the full stored bill text
SB 763
SUBCOMMITTEE
1. Line 24, engrossed, after
ammunition.
insert
Firearms and ammunition manufacturers shall render with each sale of firearms or ammunition an itemized invoice identifying the firearms or ammunition sold and showing the manufacturer's name and address, the purchaser's name and address, the date of sale, and the wording "Virginia Firearm and Ammunition Tax Paid." If any seller of any firearm or ammunition that is sold in the Commonwealth is unable to provide a copy of such invoice for such firearm or ammunition, such seller shall be responsible for registering with the Department and paying the tax.