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SB 763·VA·senate

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

Passed One ChamberFiled Jan 21, 2026
Sponsor: Williams Graves
Latest Action

Continued from last session

Jul 21, 2026

Summary

The bill adds an 11 percent tax on the gross receipts of firearm and ammunition manufacturers for each sale or distribution. The tax revenue is deposited into Virginia’s general fund and is intended to support gun‑violence prevention and community safety. The measure takes effect on July 1, 2027.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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