- All Articles Firearms
Firearms and Ammunition Revenue Update (2025 Q1) May 21, 2025
Beginning July 2024, Chapter 231 of 2023 (AB 28, Gabriel) imposed an 11 percent excise tax on retail sales of firearms, firearm precursor parts, and ammunition, with some exemptions. For firearm and ammunition excise tax returns filed for the first three quarters of 2024-25, the total amount of tax due is $44 million. Based on this data, the administration's estimate of $65 million for 2024-25 appears reasonable.