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Ammunition Tax Increase AB 760 is one of eight bills introduced this year that increase regulation on just the ammunition. For ammunition, the tax rate has been unchanged since 1941.Two Democratic lawmakers have proposed legislation to nearly double the current 11 percent tax on handguns, and impose a 50 percent tax on shells and cartridges.. Perhaps even more disturbing is that the bill also seeks to raise the tax rate on ammunition purchases to 50%..) to 20 percent, while raising ammunition taxes dramatically from 11 to 50 percent ammunition tax increase With gun violence running rampant in New Jersey, Rep.In addition, gun the gun transfer tax would more than double.J..In an effort to reignite the gun-control debate, two Democratic lawmakers are proposing massive tax hikes on handguns and ammunition.. The bill seeks to raise the tax rate on gun sales from 10% to 20% . The bill seeks to raise the tax rate on gun sales from 10% to 20%.The anti-gun lawmakers in Washington were not able to get their gun control legislation passed, so now they are pushing for gun control the old fashioned way, through taxes..The New Jersey Democrat notes that the tax rate on guns has remained flat since 1955.. ..” Then he shifted to talking about the benefits& . “The bill would also increase the transfer tax on all weapons (except antique guns) covered under the National Firearms Act (which excludes most common guns)& .) has co-sponsored a bill& . …The bill could mark a change in gun control& .J …The bill could mark a change in gun control& .J.. By Brian Koenig. Bill Pascrell (D-NJ-09) thinks he`s come up with a way to raise money to bolster the ranks of law.AB 760 is one of eight bills introduced this year that increase regulation on just the ammunition. For ammunition, the tax rate has been unchanged since 1941 AB 760 is one of eight bills introduced this year that increase regulation on just the ammunition. For ammunition, the tax rate has been unchanged since 1941.Two Democratic lawmakers have proposed legislation to nearly double the current 11 percent tax on handguns, and impose a 50 percent tax on shells and cartridges.. Perhaps even more disturbing is that the bill also seeks to raise the tax rate on ammunition purchases to 50%..) to 20 percent, while raising ammunition taxes dramatically from 11 to 50 percent what is parental involvement
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