NY S05813

Imposes an 11% excise tax on retail sales of firearms, major components of firearms, and ammunition by licensed dealers, manufacturers, and sellers, effective July 1, 2026

Exempts sales to active or retired peace officers and law enforcement agencies, as well as sellers with less than $5,000 in quarterly gross receipts from these products

Requires firearms dealers, manufacturers, and ammunition sellers to register with the tax commissioner, maintain records for three years, and file quarterly electronic returns with tax payments due by the 20th of the following month

Creates the Gun Violence Prevention and School Safety Fund to receive all tax revenues, with funds dedicated to school safety improvements, court-based firearm relinquishment programs, gun violence victim support, trauma counseling, and gun violence research

Authorizes the Division of State Police to revoke licenses of dealers who have their tax registration revoked, and establishes penalties of up to $500 per month for failure to maintain required records