CA AB28

Imposes an 11% excise tax on retail sales of firearms, firearm precursor parts, and ammunition, effective July 1, 2024, collected by the California Department of Tax and Fee Administration.

Establishes the Gun Violence Prevention and School Safety Fund to receive tax revenues, with mandatory annual allocations of $75 million to violence intervention programs, $50 million to school safety, $15 million to firearm relinquishment, $15 million to gun homicide investigations, and smaller amounts to gun safety education, victim services, and research.

Requires licensed firearms dealers, manufacturers, and ammunition vendors to register with the tax department for a certificate of registration; the Department of Justice shall revoke licenses or remove from centralized lists any vendor whose registration or seller's permit is revoked for tax violations.

Exempts sales to active or retired peace officers and law enforcement agencies, and sales by vendors with less than $5,000 in quarterly gross receipts.

Appropriates $2.4 million from the General Fund to the Department of Tax and Fee Administration for implementation, to be repaid from collected tax revenues before other fund expenditures.