A brand new tax on gross sales of weapons and ammunition might be used to fund companies that assist crime victims.
That’s the thought behind a proposal Colorado voters will contemplate on the November poll. Proposition KK ( https://ballotpedia.org/Colorado_Proposition_KK,_Excise_Tax_on_Firearms_Dealers,_Manufacturers,_and_Ammunition_Vendors_Measure_(2024) ) would add a 6.5 p.c excise tax on weapons, some components and equipment, and ammunition. Patrons in Colorado already pay state and native gross sales taxes on the acquisition of firearms and ammunition, and a federal tax of round 10 p.c.
It’s a novel strategy that its backers say will generate about $39 million {dollars} a 12 months to fund packages that handle a few of the harms of gun violence, together with psychological well being help companies. However opponents say it’s going to simply make it harder for law-abiding Coloradans to purchase weapons.
To study extra about what this tax would do, host Erin O’Toole checked in with Lucas Brady Woods, who covers politics and state authorities for KUNC.
You possibly can learn up on all 14 statewide measures on the November poll right here ( https://www.kunc.org/news/2024-09-24/coloradans-will-vote-on-14-ballot-measures-in-november-heres-what-they-mean ).
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Host and Producer: Erin O’Toole
Producer: Ariel Lavery
Government Producer: Brad Turner
Theme music by Robbie Reverb
Further music by Blue Dot Classes
In The NoCo is a manufacturing of KUNC Information and Group Radio for Northern Colorado.
In The NOCO
Episode 546
October 10, 2024
★ Episode particulars: https://share.transistor.fm/s/ee668ab6
★ Further episodes: https://www.kunc.org/podcast/inthenoco
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