Chicago reinstates gun and ammunition tax

In response to a court ruling, Chicago is reinstating a 2012 handgun and ammunition tax following the hands of its “short-lived” repeal The city’s Board of Trade voted unanimously today to reinstate a $200…

Chicago reinstates gun and ammunition tax

In response to a court ruling, Chicago is reinstating a 2012 handgun and ammunition tax following the hands of its “short-lived” repeal

The city’s Board of Trade voted unanimously today to reinstate a $200 tax on each handgun and a $10 tax on each handgun magazine, citing a ruling by Cook County Judge Richard Wallace.

A Cook County judge in February, also an Obama appointee, ruled the levy unconstitutional, saying it was “unconstitutional by its nature.”

But yesterday, the city said it would appeal that decision, rejecting a motion to reinstate the tax immediately.

The board says the costs of implementing the new gun and ammunition tax — about $1.1 million annually — were “justified by the clear and distinct public policy preference for gun ownership in the City of Chicago,” the city said in a statement.

“Given the pending litigation related to the repeal of the (existing) firearms and ammunition tax, the Chicago Board of Trade was acting on the city’s behalf in voting to reinstate the firearms and ammunition tax, starting April 1,” the statement said.

Back in 2012, the Cook County Board of Elections that amended its website after the repeal. Under the new online tax system, there was no mention of the gun and ammunition tax. The new tax system was put into place on January 1, 2013.

The Chicago Police Department said gun-related crime, including murders, has been steadily on the decline this year.

“We are confident that increased public safety measures (created through recent legislation) will continue to have a meaningful impact,” police said in a statement.

“Law-abiding citizens will have an incentive to buy more ammunition and purchase a firearm and voluntarily provide safety training if they find it more financially beneficial.”

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