Mr H
Banana'd
HB0415 - Sales and Use Tax - Ammunition and Firearms - Developmental Disabilities Funding
http://mgaleg.maryland.gov/2014RS/bills/hb/hb0415F.pdf
We now know that there is no additional taxation related to this bill, and it is simply a reallocation of the sales/use tax on firearms and ammunition.
Well, maybe not so "simply"...
What this does, is create an additional burden on FFLs and other retail establishments, to require them to account and report separately for all sales taxes related to firearms and ammunition.
I have already alerted an official of MLFDA about this, but it is important that every independent seller of "guns and ammo" be made aware of this, and have them get to Analpolis on the 14th, to fight this as an undue encumbrance on their businesses.
This bill doesn't directly effect the purchaser... but it would add to the complexity of an already overregulated business environment, and could cause businesses great harm.
Spread the word.
http://mgaleg.maryland.gov/2014RS/bills/hb/hb0415F.pdf
We now know that there is no additional taxation related to this bill, and it is simply a reallocation of the sales/use tax on firearms and ammunition.
Well, maybe not so "simply"...
What this does, is create an additional burden on FFLs and other retail establishments, to require them to account and report separately for all sales taxes related to firearms and ammunition.
I have already alerted an official of MLFDA about this, but it is important that every independent seller of "guns and ammo" be made aware of this, and have them get to Analpolis on the 14th, to fight this as an undue encumbrance on their businesses.
This bill doesn't directly effect the purchaser... but it would add to the complexity of an already overregulated business environment, and could cause businesses great harm.
Spread the word.