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SB 763

Virginia - Session 2026

Senate passed_lower 2026-02-25
Firearms Tax / Budget / Appropriations
Bill Details

Title: Retail Sales and Use Tax; definitions, imposes firearm and ammunition tax.

Summary

Retail sales and use tax; firearm and ammunition tax. Imposes a firearm and ammunition tax equal to 11 percent of the gross receipts from the sale and distribution of any firearm or ammunition by a firearms or ammunition manufacturer, as such terms are defined in the bill. The bill provides that proceeds from such tax shall be distributed to the Virginia Gun Violence Intervention and Prevention Fund.

Sponsor
Williams Graves
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-21 Introduced Bill introduced
2026-02-23 Status passed_lower
2026-02-25 Latest Action H Continued to next session in Finance (Voice Vote)
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