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11% excise tax
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Ruger MkII Target .22lr
Glock 19 Gen2 - Glock 19 Gen3 - Glock 26 9mm
Colt Python 6" - Ruger KGP141 .357
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Yes, it’s likely used gun prices would rise. When an additional tax is introduced, sellers often adjust prices to offset the added cost, and overall market prices tend to reflect the higher total cost to buyers.
If you are buying ammunition with an FFL03/COE and then consuming it yourself, you are obligated to pay the appropriate sales tax when you file your state tax return, unless the tax was collected by the seller you got it from. In situations like this, a personal income tax accountant mississauga could help clarify reporting obligations, especially if you’re unsure how different taxes interact. I'm not exactly sure how this relates with the FET, but I would just keep your mouth shut and hope for the best. Most likely the tax will be due, but the question is, what would the enforcement mechanism be.
As for implementation of the tax, most of the recent commenters would be well suited to go back and read the posts earlier in the thread. Sales tax law is very clear that the tax is levied at the time of delivery of the goods. FET will be the same and will be remitted to CDTFA, just like sales tax. When you "buy" a gun, you are essentially just placing a deposit on the product until it is delivered, at which point the final sale is made and the tax collected per the rate in force on that day. This isn't rocket surgery, but it is understandable that the average layperson does not know how this works. Bottom line, don't get pissed at your FFL, big or small, if you have to pay the tax on something DELIVERED on July 1st or after.Comment
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I think this will have the opposite of its intended purpose. Because of the extraneos fees, DROS, county tax, and now excise tax, many people now have an even larger incentive to "buy off the books"Comment
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The most fascinating thing about this illegal 11% tax is that there has been no meaningful opposition to it from 2nd Amendment rights organizations, gun owners/buyers, as well as dealers - in general.
A lot of bitching, but no real fight. The apathy has lead to atrophy.
While it's shocking this was passed after similar proposed legislation was fought off more than 6 previous times a bill seeking to add an extra 10% tax or fee on firearms/ammo was introduced in the past - it's more shocking that there was so little response to fight it while as a bill, but worse that the response to it since it became law has been so anemic.
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Originally posted by LibrarianWhat compelling interest has any level of government in knowing what guns are owned by civilians? (Those owned by government should be inventoried and tracked, for exactly the same reasons computers and desks and chairs are tracked: responsible care of public property.)
If some level of government had that information, what would they do with it? How would having that info benefit public safety? How would it benefit law enforcement?Comment
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