California fails to pass tax hikes on handguns and ammunition

Fox News Flash top headlines for June 4

Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com.

The California Assembly on Thursday failed to pass a bill that would have raised taxes on handguns and ammunition.

The bill by Assemblyman Marc Levine, a Democrat from San Rafael, would have imposed a 10% tax on the sales price of handguns and an 11% tax on the sales price of rifles, precursor parts and ammunition.

The tax would have applied to retailers, not consumers. But a legislative analysis of the bill said retailers could have passed that cost along to buyers. The Assembly Appropriations Committee estimated it would have generated $118 million per year, with the money going toward gun violence prevention programs and research.

A majority of the Assembly’s 80 members voted for the bill. But because the bill would create a new tax, it required a two-thirds vote. The bill fell five votes short of the 54 required for passage. Democrats control 59 votes. But several Democrats come from more moderate districts, making a tax increase on guns a tough vote for them.

Despite the bill’s failure on Thursday, Levine said he believes it’s possible to revive the legislation later this year.

In a letter to lawmakers, the pro-gun group Gun Owners of California wrote that the bill wasn’t fair because it sought to “penalize the lawful for the misdeeds of the unlawful.′

Levine, the author of the bill, said his goal was in part a response to the increase in gun sales and gun violence since the beginning of the coronavirus pandemic.

California already imposes a fee of $37.19 on gun sales, which includes a fee for background checks.

Source: Read Full Article