It requires destruction or surrender of your existing ammunition inventory. No compensation. For many, this could be thousands of dollars of personal property.
Taxing each round “not bad”? You’re a fool if you believe that.”
Not just “taxing” of each round.
Your purchase must be recorded, with all your information, and each group of serial numbers tagged to your purchase.
If some clerk makes an error, and a crime scene shows a serilized bullet that comes back to you and you were not involved—Good Luck getting yourself out of that!!!!
Consider also:
Any vendor that willfully fails to comply with, or falsifies the records required to be kept by this bill is guilty of a public offense punishable by imprisonment not to exceed one year, and a fine of $1,000.The hassle involved with complying with this will cause WalMart and other stores to simply stop selling ammo. The vendors which remain will raise prices FAR more than the tax, just to compensate for their hassle and risk
Reducing availability of ammo is the real objective.