If this passes, I will be picking up mine, out of state. $0.05 cents a round?
IN ASSEMBLY
March 16, 2022
Introduced by M. of A. FAHY -- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to an excise tax on the sale of ammunition
The People of the State of New York, represented in Senate and Assem- bly, do enact as follows:
1 Section 1. The tax law is amended by adding a new article 19-A to read
2 as follows:
3 ARTICLE 19-A
4 EXCISE TAX ON AMMUNITION
5 Section 460. Imposition of tax.
6 461 Deposit and disposition of revenue.
7 462. Administrative provisions.
8 § 460. Imposition of tax. 1. There is hereby levied and imposed an
9 excise tax on the retail sale of ammunition at the following rates:
10 (a) Ammunition that contains a single projectile that measures .22
11 caliber or less sold at retail shall be taxed at a rate of two cents per
12 projectile.
13 (b) All other ammunition other than that specified in paragraph (a) of
14 this subdivision and sold at retail shall be taxed at a rate of five
15 cents per projectile.
16 2. The tax rates set forth in this section shall be reviewed annually
17 and adjusted periodically by the commissioner as needed to maintain a
18 consistent effect relative to inflation.
19 § 461. Deposit and disposition of revenue. All taxes, interest and
20 penalties collected or received by the commissioner under this
21 article shall be deposited and disposed of pursuant to the
22 provisions of section one hundred seventy-one-a of this chapter,