Maryland Senate Considers 11% Firearms and Ammunition Tax to Fund Violence Prevention Programs

• Maryland Senate is considering an 11% excise tax on firearms, accessories, and ammunition sales, with revenue dedicated to violence prevention, victim support, and trauma care.
• The tax would be phased in: large retailers start July 1, 2027; all other dealers start July 1, 2028.
• Exemptions include sales to law enforcement, military, and National Guard; measures are included to prevent double taxation on out-of-state sales.
• Revenue would be distributed among several state programs, including violence prevention, victim support, and trauma care funds.
• The bill includes new reporting requirements for dealers and enforcement authority for the state comptroller, and is expected to face debate as it moves through the legislative process.

Source: thebaynet.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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