CA AB1227

Imposes an 11% excise tax on retail sales of long guns, rifles, firearm precursor parts, and ammunition, and a 10% excise tax on handguns, effective July 1, 2023.

Establishes the Gun Violence Prevention, Healing, and Recovery Fund to receive tax revenues, with half directed to gun violence prevention programs upon legislative appropriation and half continuously appropriated to the California Violence Intervention and Prevention (CalVIP) Grant Program.

Exempts sales to peace officers and law enforcement agencies for employment use, and exempts sales of long guns and ammunition to persons with valid hunting licenses.

Requires the Department of Tax and Fee Administration to administer and collect the tax under the Fee Collection Procedures Law, with quarterly payments and reporting.

Authorizes a $2,400,000 loan from the General Fund to the Department of Tax and Fee Administration for implementation, to be repaid from collected taxes before other fund expenditures.