✔️ SB59
Exempt firearms and ammunition from sales and use tax
Summary
SB59 exempts the sale of certain firearms and ammunition from sales and use tax and authorizes refundable tax credits for small arms and ammunition manufacturing projects. The bill amends existing tax code sections and establishes new sections related to these exemptions and credits. It includes provisions for the tax credit authority to issue credits and requires compliance with specific conditions for taxpayers receiving credits.
Rationale
The bill aligns with Libertarian principles by promoting individual rights to own firearms without government taxation and supporting the free market through tax credits for manufacturing. Both the LP and LPO platforms advocate for the right to bear arms and oppose restrictions on firearms, which this bill supports.