39-37-104. Firearms, firearm precursor parts, and ammunition - excise tax levied upon gross

39-37-104. Firearms, firearm precursor parts, and ammunition - excise tax levied upon gross taxable sales - tax rate. (1) On and after April 1, 2025, there is levied an excise tax upon every vendor at the rate of six and one-half percent of the net taxable sales from the retail sale in this state of any firearm, firearm precursor part, or ammunition. Every vendor shall pay the tax levied by this section to the executive director in accordance with the provisions of this part 1.

(2) The determination of whether a retail sale occurs in this state is governed by the provisions set forth in section 39-26-104 (3)(a)(I) to (3)(a)(V) and the definitions set forth in section 39-26-104 (3)(d)(I) and (3)(d)(II).