SB 763 VA
Retail Sales and Use Tax; definitions, imposes firearm and ammunition tax.
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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 general fund with the intent that such proceeds are used for gun violence prevention efforts and community safety in the Commonwealth. The bill contains a delayed effective date of July 1, 2027.
Sponsor (1)
- Angelia Williams Graves Democratic · primary
Action history (19)
- Jan 21, 2026 Presented and ordered printed 26104971D · upper
- Jan 21, 2026 Referred to Committee on Finance and Appropriations · upper
- Jan 28, 2026 Fiscal Impact statement From TAX (1/28/2026 9:12 pm) · upper
- Feb 3, 2026 Reported from Finance and Appropriations with substitute (10-Y 5-N) · upper
- Feb 3, 2026 Committee substitute printed 26106635D-S1 · upper
- Feb 4, 2026 Rules suspended · upper
- Feb 4, 2026 Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A) · upper
- Feb 4, 2026 Passed by for the day Block Vote (Voice Vote) · upper
- Feb 5, 2026 Read second time · upper
- Feb 5, 2026 Finance and Appropriations Substitute agreed to · upper
- Feb 5, 2026 Engrossed by Senate - committee substitute · upper
- Feb 6, 2026 Read third time and passed Senate (21-Y 19-N 0-A) · upper
- Feb 12, 2026 Placed on Calendar · lower
- Feb 12, 2026 Read first time · lower
- Feb 12, 2026 Referred to Committee on Finance · lower
- Feb 23, 2026 Fiscal Impact statement From TAX (2/23/2026 3:25 pm) · upper
- Feb 24, 2026 House subcommittee offered · lower
- Feb 24, 2026 Subcommittee recommends continuing to (Voice Vote) · lower
- Feb 25, 2026 Continued to next session in Finance (Voice Vote) · lower
Text versions (5)
The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.
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