An act relating to an excise tax on the sale of firearms and ammunition

This bill proposes a new 11 percent excise tax on the retail sale of firearms, firearm precursor parts, and ammunition in Vermont, which would be paid by sellers at the time of each transaction. The tax applies to both licensed firearm dealers and ammunition vendors, with licensed dealers required to collect the tax during background checks and remit it quarterly to the state. All revenue generated from this tax would be deposited into the Domestic and Sexual Violence Special Fund, which supports grants for domestic and sexual violence prevention services. The legislation excludes transfers exempt from background checks, such as those to law enforcement agencies or immediate family members, and would take effect on July 1, 2025.