The California Assembly recently passed Assembly Bill 28, the “Gun Violence Prevention, Healing, and Recovery Act,” authored by Assemblyman Jesse Gabriel, Woodland Hills Democrat. Under this measure, commencing on July 1, 2024, the state will “impose an excise tax in the amount of 11 percent of the gross receipts from the retail sale in this state of a firearm, firearm precursor part, and ammunition.”
Revenue from the act will be “deposited in the Gun Violence Prevention, Healing, and Recovery Fund, which the bill would establish in the State Treasury.” The money will “fund various gun violence prevention, education, research, response, and investigation
