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Posted on 07/02/2021 1:47:36 AM PDT by Libloather
CHARLESTON, WV (WOWK) - Starting July 1, all small firearms and ammunition bought in West Virginia will no longer contain a sales tax.
“If you are going to buy that $2,000 riffle, it’s going to be $120 cheaper here in West Virginia than compared to our neighboring states,” said Delegate Gary Howell, (R) District 56.
This law was formed in House Bill 2499, which was passed during this year’s legislative session to promote business by exempting sales taxes for consumers.
With more than 5 million first-time new gun owners in just 2020, gun stores like this in West Virginia hope to continue the trend in sales.
“It’s definitely going to spike gun sales for the foreseeable future. Then after that, I think it will steadily increase in terms of your mid and high-range arms. So, I think over the long term that it will defiantly be a boost in business,” said Taylor Collins, gun and ammo salesman for Bridgeport.
But the sales tax is only a small part…the bill also stimulates economic growth in manufacturing industries by allowing tax credits for arms and ammo makers in the state.
“If they do a $1 million piece of equipment, we will tax it as if it’s a $50,000 piece of equipment. That’s to encourage investment in the state,” said Delegate Howell.
Bullet manufacturer, Ranger Scientific, announced in May that the company will build an ammunition plant in Montgomery because of this new tax law. This will be one of the first arms manufacturers in West Virginia and will provide the state more than 400 jobs.
(Excerpt) Read more at wowktv.com ...
What about the magazine, Guns & Ammo? Tax free? (And when I say “magazine”, I don’t mean “clip”.)
They’re all on line. The only paper magazine I still get is the American rifleman
Sweet!
Tax free but also unavailable. So it’s actually the same.
Almost heaven,,,
Would that they also could void the 11% federal excise tax placed on all firearms at the wholesale level, which is really just another sales tax with a gussied-up name.
This policy is appropriate. You should not be able to tax the exercise of a right, according to the supreme court. Even the most nominal ‘poll tax’ is verboten according to them. Buying a gun should be as easy as voting.
Came here to say this. You’re exactly right: it is unlawful to tax the exercise of a right.
All taxes, fees, and other direct costs associated with the purchase, transfer, or sale of anything that qualifies as “arms” under the US Constitution should be immediately stopped. That would include stun guns, knives with self-defense application, all firearms, etc. That would include the NFA fees and any taxes. And honestly, I’m on the fence about whether it’s legal to collect business taxes and fees against gun stores.
This Ping List is for all things pertaining to infringes upon or victories for the 2nd Amendment.
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More 2nd Amendment related articles on FR's Bang List.
Good for them!
“Almost Heaven”
One of John Denver’s best.
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