NJ Governor Proposes 2,400 Percent Tax Increase On Firearms

Molly Prince

Democratic Gov. Phil Murphy is proposing legislation that would drastically increase the fees on firearms in New Jersey, hiking the cost to buy and sell guns by up to 2,400 percent.

The proposal includes various steep tax increases such as raising the cost of handgun permits, required to purchase a firearm in New Jersey, from $2 to $50, reports Guns.com.

Other changes include increasing identification card fees 1,900 percent to $100, dealer licenses 900 percent to $500 and manufacturer licenses 900 percent to $1,500.

Fees on carry permits, which are already known for being difficult to acquire in New Jersey, are expected to increase an additional 700 percent to $400. Across the state line in Pennsylvania, carry permits are only $20.

The governor has not formally introduced the proposal to the New Jersey legislature but is expected do so as part of the budget ahead of its June 30 deadline, according to NJ.com.

The first-term governor has already signed six anti-gun measures into law in early June. During the signing, he vowed to be “a leader in the fight for common-sense gun safety.”

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