VA HB919

Imposes an 11% excise tax on firearms and ammunition manufacturers based on gross receipts from sales and distribution in Virginia, effective July 1, 2027

Applies to assault firearms, handguns, and other firearms as defined in existing Virginia code, but excludes antique firearms and curios or relics

Exempts sales to federal, state, or local law enforcement agencies from the tax

Revenue will be deposited into the general fund with stated intent to use proceeds for gun violence prevention efforts and community safety

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