Welcome To The Patriot
The Patriot provides a 5-minute weekly digest of the firearm industry.
Brought to you by Trident 1, the best-in-class, all-in-one, cloud-based FFL-compliant POS software for the firearm/outdoor industry.
Spotlight
Louisiana’s new permitless concealed carry law, set to take effect on July 4th, marks a significant win for gun rights advocates and Second Amendment supporters. This legislation, seen as a crucial step for enhancing self-protection amidst rising crime rates, reinforces the right to bear arms without governmental barriers.
The law allows law-abiding adults 18 and older to carry concealed firearms without permits or mandatory training. Republican state Sen. Blake Miguez, who authored the law, emphasized its importance, stating, “This Fourth of July, we celebrate not only the birth of our great nation but also a pivotal moment in Louisiana’s history — the enactment of Constitutional Carry legislation.” He added, “We are merely offering law-abiding citizens safety to exercise their self-defense rights without a fee or other governmental barriers.”
The Louisiana State Police website offers resources for those interested in gun education classes, promoting responsible gun ownership even without statutory training requirements.
The CA Excise Tax is Now In Effect
As of July 1, 2024, California has implemented an 11% excise tax on firearms, parts, and ammunition sales, in addition to the existing 6% sales tax. This presents a significant challenge for California FFLs, who must now manage complex quarterly state payments.
The good news is that Trident1’s advanced POS system is ready to help. Our updated software automates tax calculations and generates detailed reports, ensuring smooth compliance with these new regulations.
Customer Spotlight: Bill’s Gun Shop and Range
Discover how Trident1 transformed Bill’s Gun Shop’s multi-state operations. In this two-minute video, hear from the team as they share how our system improved inventory accuracy and compliance across five locations, enhancing efficiency and profitability.
The Number:
$159.1 million
Between February and April, Smith & Wesson achieved $159.1 million in net sales, marking a 9.9% increase over the previous quarter.
In-Depth
NRA Surpasses Gun-Control Groups in Recent Fundraising Efforts
In a significant rebound, the National Rifle Association’s (NRA) Political Victory Fund (PVF) outpaced its gun-control adversaries in fundraising for the first time this year, amassing just under $650,000 in May. Despite facing a civil corruption trial, the NRA’s recent fundraising success signals robust support from its members and a continued focus on influencing the upcoming elections.
Kids S.A.F.E. Foundation Expands Gun Safety Education Across Five States
The Kids S.A.F.E. Foundation, established in 2016, has reached a significant milestone by educating over 29,000 children across five states on gun safety. This non-profit organization, based in Eugene, Oregon, emphasizes a non-political, inclusive approach to firearm safety education.
Firearms Policy Coalition Challenges New York’s Body Armor Ban
The Firearms Policy Coalition (FPC) has initiated a federal lawsuit against New York’s ban on body armor, which contests the state’s law that criminalizes the purchase and possession of body armor by individuals not in certain professions. The lawsuit seeks a declaratory judgment affirming the right to keep and bear arms, including body armor, and a permanent injunction against the ban.
Read More – Firearms Policy Coalition
Highlights
- Innovative Training in Idaho: The Bonner County Sportsmen’s Association combined NRA Women on Target with America’s Rifle Challenge for unique firearms training.
- West Virginia Colleges Implement Campus Self-Defense Act: Starting July 1st, West Virginia colleges, including West Liberty University, will allow students with permits to carry firearms on campus.
- Ammo Purchases Trend Smaller: Gun enthusiasts are buying more ammo packages but spending less overall, selecting boxes with fewer rounds, reflecting a broader trend of budget trimming in firearm-related purchases.
- Community Safety Through Firearms Training: First Strike Range & Gun Shop in Newbury aims to enhance community safety with a focus on secure firearm handling and self-defense skills.
- Vista Ammo Brands Sold: The $2 billion sale of Vista Outdoor’s ammunition brands to the Czechoslovak Group has been approved by U.S. government regulators, marking a significant shift in the ownership of iconic ammo brands.
The Patriot is brought to you by Trident 1, the best-in-class, all-in-one, cloud-based FFL-compliant POS software for the firearm/outdoor industry.
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