Several New "Firearm" Laws Start TODAY July 2024

Published on July 1, 2024
Duration: 6:28

This video details three new firearm laws enacted in California as of July 1, 2024. It covers AB 1406, which allows for an additional 30-day waiting period on top of the existing 10 days, potentially extending the total to 40 days. AB 1587 mandates the establishment of specific merchant category codes for firearms and ammunition businesses, enabling tracking of purchases. Finally, AB 108 introduces an 11% tax on firearm retailers, which is expected to be passed on to consumers, increasing overall costs.

Quick Summary

California enacted three new firearm laws on July 1, 2024: AB 1406 allows for extended waiting periods up to 40 days, AB 1587 mandates specific merchant codes for firearm businesses to track purchases, and AB 108 imposes an 11% tax on retailers, likely increasing consumer costs by 21-22%.

Chapters

  1. 00:00Introduction: New California Firearm Laws
  2. 00:18Sponsor: American Hartford Gold
  3. 01:45California's Annual Gun Law Changes
  4. 02:11Law 1: AB 1406 - Extended Waiting Periods
  5. 03:04Law 2: AB 1587 - Firearm Merchant Codes
  6. 03:53Law 3: AB 108 - 11% Retailer Tax
  7. 05:08Future Firearm Law Rollouts
  8. 05:57Conclusion and Channel Updates

Frequently Asked Questions

What are the new firearm laws in California effective July 1, 2024?

As of July 1, 2024, California has enacted three new firearm laws: AB 1406 extends the firearm waiting period up to 40 days, AB 1587 mandates specific merchant category codes for firearm businesses, and AB 108 imposes an 11% tax on firearm retailers.

How does AB 1406 affect firearm waiting periods in California?

AB 1406 allows the California Department of Justice to add an extra 30 days to the standard 10-day waiting period for firearm purchases if they need to conduct further research, potentially extending the total waiting time to 40 days.

What is the purpose of AB 1587 regarding firearms and ammunition purchases?

AB 1587 requires payment card networks to establish and use a unique merchant category code for firearms and ammunition businesses. This aims to track purchases made within this industry, with full tracking capabilities expected by 2026.

What is the financial impact of AB 108 on firearm purchases in California?

AB 108 introduces an 11% tax on firearm retailers. Due to profit margins, this tax is expected to be passed on to consumers, leading to an estimated 21-22% increase in the overall cost of firearms and ammunition.

More 2nd Amendment & Law Videos You Might Like

More from Copper Jacket TV

View all →