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
Fiscal Impact statement From TAX (2/23/2026 3:25 pm)
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.
Topics
Track this bill
Get real-time alerts when SB 763 changes status, plus AI-powered summaries and stage predictions.
Sign up free