SB 763 Virginia 2027 session
Retail Sales and Use Tax; definitions, imposes firearm and ammunition tax.
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.
Status
- Introduced
- Committee
- Floor vote
- Passed
- Enacted
Passed one chamber — last recorded action July 21, 2026
Continued from last session
Passage likelihood
Not enough recorded signal to estimate this bill's chances.
State-level impact
State-level impact data is not available for this bill. The source text does not contain a per-state funding formula or scored breakdown, so no figures are shown.
Official actions
- Continued from last session
- Continued to next session in Finance (Voice Vote)
- Subcommittee recommends continuing to (Voice Vote)
- House subcommittee offered
- Fiscal Impact statement From TAX (2/23/2026 3:25 pm)
- Referred to Committee on Finance
- Read first time
- Placed on Calendar
- Read third time and passed Senate (21-Y 19-N 0-A)
- Engrossed by Senate - committee substitute
- Finance and Appropriations Substitute agreed to
- Read second time
- Passed by for the day Block Vote (Voice Vote)
- Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
- Rules suspended
- Committee substitute printed 26106635D-S1
- Reported from Finance and Appropriations with substitute (10-Y 5-N)
- Fiscal Impact statement From TAX (1/28/2026 9:12 pm)
- Referred to Committee on Finance and Appropriations
- Presented and ordered printed 26104971D