Lock N Load Podcast: Breaking Down HB 5114 - Connecticut's Proposed Ammo Tax Bill

In this episode of the Lock N Load Podcast, host Josh dives into the details of the newly proposed HB 5114, an ammunition tax bill that aims to impose an 11% excise tax on ammunition purchases by businesses for retail sale. Josh explains how the bill intends to amend the general statutes to support the community gun violence intervention and prevention program through generated revenue. With a straightforward analysis, he discusses the potential impact of this 11% excise tax, which would be in addition to the standard 6.35% tax, summing up to approximately 17.35%. Highlighting the bill's history of previous attempts and its current support, Josh expresses his hope for the bill's failure in committee and outlines Lock N Load Podcast's plans to mobilize listeners for testimony writing and participation in a related event at their store. Tune in for an insightful breakdown of HB 5114 and learn how it could affect ammunition sales