The State of California just passed AB28 which increases taxes on firearms and ammunition. This law will take effect July 1st of 2024 and will be on top of any pre existing taxes.
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Hey everybody, how's it going? Welcome back to Copper
Jacket TV. So yesterday, I brought you some good news, and unfortunately today,
I have to bring you some bad news. I'll try and keep this video short because,
well, nobody likes bad news. But the California state legislature has passed
ab-28. What is ab-28? Well, I think it's an answer to the fact that pretty much
all of their gun control is getting rolled back by federal judges. So they have
an answer for that, and what's that answer? Make everything completely
unaffordable for the people of California. So let's talk about ab-28 and what
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So if you are interested, check out the link in the description box. Let's get
Okay, so let's go and talk about what's going on here.
Like I said before, we'll try and keep this short. So what ab-28 does is it
adds an extra 11% tax to vendors and FFLs for all transactions that involve
firearms, ammunition, and what California calls precursor parts. So all of
those are going to be taxed at an extra 11%, and that is going to be on top of
the existing taxes that you already see. So all your federal, local, and state
taxes, that is going to be an extra 11% on top of that.
Now, like you know, when you go into a shop, any tax that
is incurred by the business is basically absorbed by the consumer, right? So
you'll see it on your receipt that there was an 8% or 9% sales tax that was
added to your transaction. That's exactly what's going to happen here because,
again, there's no way that the company is going to be able to absorb that extra
11%. So let's say that your current sales tax is 9%, right? In LA County, and
different counties, it gets pretty high. But let's just say 9%. Now you're
going to add an extra 11% to that. That means that when you go into an FFL or
to a vendor for any one of those transactions, you're going to be looking at a
20% sales tax. That's $2 for every $10. So that's $20 for every $100, 20% tax.
And in some cases, it might even be higher depending on what county and how
many taxes and fees are assessed by them. But it could potentially be higher
Now it's very obvious from the bill itself that
California knows that this is going to be challenged the moment that the
governor signs it. So the moment that pen meets paper, there's going to be a
lawsuit that's going to be challenging this. So what they did is in ab-28, they
actually wrote out the historical analogs that they used. You know, post-Brune,
they wrote out the historical analogs that they used when creating this tax. As
a matter of fact, they're using hunter resource taxes and fees, like right when
you go get your permit, it goes to conservation efforts and things like that.
They're using that as a historical analog to say that they're able to do this
for public safety. So again, they've put historical analogs in there to try and
help them fight back the challenges that they know are coming. So again, they
know what they're doing is wrong, and that's just evidence of it, right? More
evidence showing that they know what they're doing is unconstitutional but
they're just trying to prove it by looking at these kind of loosely based
historical analogs to try and uphold their law.
California doesn't care; they know that things are going
to get rolled back, and so they're just going to make it more and more pricey
and basically price people out. And who does this affect most? It affects the
people who are low income, the people who probably need these tools the most
anyway. So again, that's what's happening. Like I said, we'll try and keep this
short, but get prepared because starting on the 1st of July 2024, if the
governor signs this, the 1st of July 2024 is when this new tax would hit. So
that's where you're going to see things start to skyrocket. I want to let you
know about that. I want to thank you all very much for watching. I really do
appreciate it. Please like, subscribe, and you guys have a great day.