Oct 16, 2024 - Election

1-minute voting guide: Proposition KK puts new tax on firearms and ammunition in Colorado

John Frank

Illustration of the Colorado flag with a checkmark and box instead of a C and the sun. — Illustration: Brendan Lynch/Axios

Colorado would impose an additional 6.5% tax on firearms, parts and ammunition if voters approve Proposition KK.

Why it matters: The measure imposes the excise tax on dealers and manufacturers — but they are expected to pass the cost to consumers, making it more expensive to purchase a gun.

State of play: The Democratic-majority state Legislature put the question on the ballot as a method to generate more revenue to pay for programs aimed at reducing or addressing gun violence in Colorado.

By the numbers: The state expects to collect $39 million from the tax in its first full year.

$30 million would go toward crime victims' services, including counseling, legal advocacy and financial assistance.
$5 million is designated for veteran mental health services for those who exhausted their federal benefits
$3 million is earmarked for youth mental health counseling and support
$1 million would go to public schools to enhance security on campuses through training and new equipment

Between the lines: Sales to law enforcement officers, agencies and active-duty military members are exempt. Private sales and those from businesses with less than $20,000 in sales also are exempt from the tax.

The other side: Opponents worry the tax will make it harder for those who need protection to access a firearm and argue it infringes on a constitutional right.

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1-minute voting guide: Proposition KK puts new tax on firearms and ammunition in Colorado

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