VA HB1094

Imposes an 11% excise tax on firearms and ammunition manufacturers for sales and distribution in Virginia, effective July 1, 2026

Applies to gross receipts from the sale of firearms (including assault firearms and handguns) and ammunition by federally licensed manufacturers

Exempts antique firearms, curios, relics, and sales to federal, state, or local law enforcement agencies from the tax

Directs all revenue collected to the Virginia Gun Violence Intervention and Prevention Fund

Administered by the Department of Taxation under existing retail sales and use tax procedures, with no dealer discount allowed