COLORADO, USA — Colorado voters approved Proposition KK, the AP projects.
The ballot measure from Democratic lawmakers asked voters to approve a 6.5% sales tax on guns and ammunition. The money would support victims of violent crimes.
The AP called the race at 2:18 a.m. Wednesday.
The latest results are below:
Results are called by The Associated Press. Click here for more on how AP calls races.
What does Proposition KK do?
According to the Proposition KK section in the Colorado Blue Book:
"Proposition KK would create a new state tax on firearms sellers equal to 6.5 percent of their sales of firearms, firearm parts, and ammunition, and exempts this money from the state's revenue limit as a voter-approved revenue change; and use the new tax revenue to fund crime victim support services, mental health services for veterans and youth, and school safety programs."
A YES vote on Proposition KK creates a new tax on firearms, firearm parts, and ammunition, and uses the revenue for crime victim services, mental health services for veterans and youth, and school safety programs.
A NO vote on Proposition KK means the state's taxation of firearms and ammunition will not change.
How are firearms currently taxed?
The federal government added a sales tax on firearms and ammunition in 1919. The current federal tax is 10% for handguns and 11% on all other guns and ammunition. The federal government uses the money for wildlife conservation and hunting programs. In Colorado, guns and ammunition have the same local sales tax as other goods. Colorado does not currently have an extra sales tax for guns and ammunition.
