Colorado Tax - 1 April 2025 - HB24-1349

Bill Summary

The act refers a ballot issue to the voters at the November 2024 general election for approval of a 6.5% excise tax on the net taxable sales of firearm dealers, firearms manufacturers, and ammunition vendors (vendors) from the retail sale of any firearm, firearm precursor part, or ammunition in Colorado.

Beginning on April 1, 2025, the act requires every vendor to file a return and remit the excise tax due on the vendor's net taxable sales of firearms, firearm precursor parts, or ammunition in the state on a monthly basis, except that a vendor making $20,000 or less in such retail sales in a previous calendar year is not required to pay the tax unless and until the vendor's retails sales exceed $20,000 in a calendar year. Sales to peace officers, law enforcement agencies, and active duty military personnel are exempt from the tax and, thus, not counted as part of a vendor's net taxable sales subject to the tax.

NRA'S Take

“Colorado’s firearms excise tax is an overt assault on the Second Amendment rights of law-abiding Coloradans and a deliberate attempt to discourage the exercise of constitutionally protected freedoms,” said John Commerford, Executive Director of the NRA Institute for Legislative Action (NRA-ILA). “Recently, anti-gun activists in Colorado have been adopting California’s radical gun control agenda to systematically erode gun rights in the state. We are pleased to join with other Second Amendment advocates in this lawsuit to protect and defend the fundamental right to keep and bear arms.”

Miwall's Action

At this time, to fall into compliance with the State of Colorado, we have decided to turn shipping off to Colorado. We are in the process of getting our Ammo Vendor's license for Colorado and gathering information on how to proceed with this new Law.

Sources

• Colorado General Assembly
• National Rifle Association