HB 24-1349 - Authorizes a Ballot Proposal to Establish a 9% Excise Tax on Ammo Vendors, Gun Dealers and Firearms Manufacturers - Colorado Key Vote

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Title: Authorizes a Ballot Proposal to Establish a 9% Excise Tax on Ammo Vendors, Gun Dealers and Firearms Manufacturers

Vote Smart's Synopsis:

Vote to pass a bill that establishes a ballot proposal to ask voters in November whether the state should apply a 9% excise tax on ammo vendors, gun dealers and firearms manufacturers.

Highlights:

  • Establishes an 11% tax on firearms dealers, manufacturers, and ammunition vendors (Sec. 1). 

  • Requires every firearms dealer, manufacturers and ammunition vendors to file a tax return and remit on a monthly basis (Sec. 1). 

  • Requires all money received and collected in payment of the excise tax to be transmitted for ultimate deposit in the firearms and ammunition excise tax cash fund (Sec. 1).

Title: Authorizes a Ballot Proposal to Establish a 9% Excise Tax on Ammo Vendors, Gun Dealers and Firearms Manufacturers

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