California: Governor Newsom Signs “Sin” Tax & Credit Card Tracking Bills into Law

Governor Newsom continues to show his disdain for sportsmen and gun owners of the Golden State.  Yesterday, September 26, the Governor signed Assembly Bill 28, the “Sin” tax, and Assembly Bill 1587, the credit card tracking bills into law.

AB 28 imposes an additional 11% excise tax on the gross receipt from the retail sale of any firearm, firearm precursor part, or ammunition and establishes the “Gun Violence Prevention, Healing, and Recovery Fund.”  AB 28 takes effect on July 1, 2024.

AB 1587 requires specified entities that facilitate or process a payment card transaction to track the purchases of firearms and ammunition with a new merchant category code (MCC). According to the bill, MCCs will be made available to merchants by July 1, 2024. Merchants are expected to start assigning MCC to firearm and ammunition purchases by May 1, 2024.

About the Sportsmen’s Alliance: The Sportsmen’s Alliance protects and defends America’s wildlife conservation programs and the pursuits – hunting, fishing and trapping – that generate the money to pay for them. Sportsmen’s Alliance Foundation is responsible for public education, legal defense and research. Its mission is accomplished through several distinct programs coordinated to provide the most complete defense capability possible. Stay connected to Sportsmen’s Alliance: Online, FacebookTwitter and Instagram.