New California Gun and Ammo Law DOUBLES Tax

Have you heard about the new California gun and ammo tax law that kicks in this summer? If you’re a Second Amendment advocate or firearm enthusiast, staying informed about laws and legislation that impacts your rights and hobbies is absolutely necessary. Especially for residents of California (sorry, we’ve got some bad news for you..).

Starting July 1, 2024, California (yes, the state with some of the strictest gun laws in the nation) will roll out a new tax on all firearms and ammunition. This law will impact more than just existing gun owners; it impacts anyone interested in securing firearms and ammunition at reasonable prices. In this article, we will go into the details of the upcoming tax law and why now may be the time to visit your favorite FFL (*ahem* Jum-Pawn-It *ahem*) and purchase the firearm(s) and ammunition you need before the inevitable tax increases arrive.

What You Need to Know

Under Assembly Bill 28 (AB-28), which Governor Gavin Newsom signed into law on September 26, 2023, an 11% excise tax will apply to retail sales of ammunition, firearms, and firearm precursor parts in California starting July 1, 2024.
When AB-28 goes into effect, California will be the first state in the country to levy a statewide excise tax on guns and ammo.
This new tax is in addition to existing federal taxes. Depending on the type of firearm, federal tax is either 10% or 11%.
Revenue generated by the tax will go to a new Gun Violence Prevention and School Safety Fund.
There are some exceptions to the California gun and ammunition excise tax, e.g. for police agencies.

How the New Gun and Ammo Tax Impacts Prices

Starting July 1st, California will slap extra taxes on firearms and ammo sales state wide. If you’re planning to buy guns or bullets in California anytime soon, this new law could hit your wallet and drive up the overall cost of your purchase if you don’t act fast. Whether you’re into competitive shooting, collecting guns, or self-defense, this new tax law could put a significant dent in your budget if you wait until July 1, 2024 to make your purchase.

How to Shop Guns and Ammo Before Taxes Increase

Save BIG on taxes: California’s new tax law doubles the current tax citizens pay for firearms and ammunition. The current federal gun and ammo tax is 10-11% depending on the type of gun. This new tax will add an ADDITIONAL 11% to all gun and ammo purchases made in California.
Check for Deals and Discounts: Keep an eye out for promotions, sales, and discounts offered by gun shops. For example, Jum-Pawn-It is currently offering 40% OFF Jewelry, 25% OFF General Merch, and 10% OFF Firearms for Mother’s Day! You can save big AND save on the extra taxes you would have paid July 1st. Subscribe to our newsletter or follow us on social media (@JumPawnIt) so that you’re always in the know about our latest sales and promotions!
Protect Your Rights: For those who see gun ownership as a fundamental right, shopping now ensures you can exercise that right without having to break the bank.
Stock Up on Supplies: Stocking up on ammunition now means you can avoid dealing with this new tax hike (at least for now). Want to stack some savings? Buy bullets in bulk to get a discount AND pay less on taxes before July 1st! Plus, you’ll have plenty for target practice or whatever you’re into.
Support Local Businesses: By shopping local FFLs like Jum-Pawn-It Jewelry and Loan, you can support small businesses while saving some cash in the process.

The new California gun and ammo tax law means the overall cost of purchasing firearms and ammunition are sure to climb, making now a smart time to make those purchases you’ve been putting off. Whether you’re a seasoned shooter or just getting started, staying informed about legislative changes like this is crucial. By staying in the know and shopping now, you can avoid paying double what you would in taxes come July 1st, protect your rights, AND support local businesses in the process.

Don’t wait until July—get ahead of the game and secure your firearms and ammo needs now. Best of all, Jum-Pawn-It Jewelry and Loan offers layaway and financing for firearms purchases. Save big now, pay later.

Find a Jum-Pawn-It near you and save big on guns and ammunition before July 1, 2024!