Watch This Bill!!!

Gene Davis   Dec 04, 2024

Bill S1140

Senator is attempting to impose a gross receipts tax on retail sales of firearms and firearms ammunition in this State, supplementing Title 54 of the Revised Statutes!

" 1. a.  (1)  There is imposed on each person making retail sales of firearms or firearms ammunition a tax at the rate of 2.5 percent of the gross receipts from retail sales of firearms in this State and a tax at the rate of 10 percent of the gross receipts from retail sales of firearms ammunition in this State."

Check it out the full Bill at: https://www.njleg.state.nj.us/bill-search/2024/S1140/bill-text?f=S1500&n=1140_I1