Virginia · 2027 Regular Session

SB763 Retail Sales and Use Tax; definitions, imposes firearm and ammunition tax.

Direction

Firearms industry liabilityAI label

Restricts gun access model confidence 80%

Imposes an 11% excise tax on gross receipts of firearms and ammunition manufacturers from sales in Virginia, increasing costs for the industry.

an excise tax is hereby imposed upon firearms and ammunition manufacturers at the rate of 11 percent of the gross receipts from the sale and distribution in the Commonwealth of any firearms or ammunition.

✓ Quote verified word for word in the bill text

Firearms otherAI label

Restricts gun access model confidence 70%

Creates a new tax on manufacturers of firearms and ammunition (with exemptions for sales to law enforcement), with revenue directed toward gun violence prevention, adding a financial burden specific to the firearms industry.

beginning on July 1, 2027, an excise tax is hereby imposed upon firearms and ammunition manufacturers at the rate of 11 percent of the gross receipts from the sale and distribution in the Commonwealth of any firearms or ammunition.

✓ Quote verified word for word in the bill text

Filed (completed)
Committee (completed)
Passed one chamber
Passed both
Governor
Law

Stage: Passed one chamber · step 3 of 6

Last action: 2026-07-21: Continued from last session
Filed: 2026-01-21
Committee: Finance
Sponsor: Angelia Williams Graves D

Read official text (Comm Sub)Legislature page LegiScan

Why the model tagged it this way: The bill enacts a new excise tax specifically on manufacturers of firearms and ammunition based on gross receipts from sales in the state, which restricts the firearms topic by increasing costs and regulatory burden on the industry. It does not address background checks, carry, accessories, red-flag orders, storage, preemption, or other listed subtopics. No provisions relate to transgender issues, abortion, or immigration enforcement.

Related bills

HB919 Retail Sales and Use Tax; impose firearm and ammunition tax.Restricts gun access Restricts gun access Committee
HB21 Firearm industry members; creates standards of responsible conduct, civil liability.Restricts gun access Restricts gun access Law
SB27 Firearm industry members; creates standards of responsible conduct, civil liability.Restricts gun access Restricts gun access Law
SB763 Retail Sales and Use Tax; definitions, imposes firearm and ammunition tax.Restricts gun access Restricts gun access Died (session ended)

Text versions

Introduced 2026-01-21
Comm Sub 2026-02-03

History (20 actions)

Date	Chamber	Action
2026-07-21	H	Continued from last session
2026-02-25	H	Continued to next session in Finance (Voice Vote)
2026-02-24	H	Subcommittee recommends continuing to (Voice Vote)
2026-02-24	H	House subcommittee offered
2026-02-23	S	Fiscal Impact statement From TAX (2/23/2026 3:25 pm)
2026-02-12	H	Referred to Committee on Finance
2026-02-12	H	Read first time
2026-02-12	H	Placed on Calendar
2026-02-06	S	Read third time and passed Senate (21-Y 19-N 0-A)
2026-02-05	S	Engrossed by Senate - committee substitute
2026-02-05	S	Finance and Appropriations Substitute agreed to
2026-02-05	S	Read second time
2026-02-04	S	Passed by for the day Block Vote (Voice Vote)
2026-02-04	S	Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A)
2026-02-04	S	Rules suspended
2026-02-03	S	Committee substitute printed 26106635D-S1
2026-02-03	S	Reported from Finance and Appropriations with substitute (10-Y 5-N)
2026-01-28	S	Fiscal Impact statement From TAX (1/28/2026 9:12 pm)
2026-01-21	S	Referred to Committee on Finance and Appropriations
2026-01-21	S	Presented and ordered printed 26104971D