SB 763

Virginia Senate bill in Session 2026.

Status: passed_lower. Latest action: February 25, 2026.

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

Bill ID VA-2026-SB-763
Session 2026
Status passed_lower
Committee Finance; Finance and Appropriations
Senate passed_lower 2026-02-25
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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