Wisconsin Assembly Bill AB469

Wisconsin 2023-2024 Regular Session

• Introduced: 10/5/23
• Refer: 10/5/23
• Failed: 4/15/24

Caption

Imposing a tax on firearm manufacturers, services provided to victims of crimes involving firearms, making an appropriation, and providing a penalty. (FE)

Impact

The imposition of this tax represents a significant shift in state policy regarding firearms regulation and public safety funding. The collected funds will be allocated to the Department of Justice to provide necessary support services for victims affected by firearm-related incidents. This action reflects a growing acknowledgment within state legislation about the importance of supporting victims of gun violence and potentially funding preventative measures against such crimes.

Summary

Assembly Bill 469 introduces a 0.5 percent tax on firearms manufacturers for each firearm produced and sold in Wisconsin, effective July 1, 2023. The tax aims to generate revenue directed towards services that assist victims of crimes involving firearms, indicating a legislative move towards addressing gun violence and its repercussions on community safety. This bill amends existing statutes, particularly chapters related to taxation, emphasizing a new focus on the financial responsibilities of firearm manufacturers in contributing to societal wellbeing.

Contention

Despite its intentions, AB469 is likely to encounter contention from various stakeholders. Advocacy groups supporting gun rights may argue that such a tax unfairly burdens manufacturers and could ultimately affect consumers through increased firearm prices. Conversely, proponents of the bill may argue that the financial obligations on manufacturers are justified, given the increasing concerns over gun violence in communities. The dialogue surrounding this bill underscores the broader national debate on how best to balance gun rights and public safety.