Firearms Regulation. Initiative Constitutional Amendment.

Amends California Constitution to establish a right to acquire, possess, transport, transfer, and use firearms for lawful purposes, including for defense of self, family, home, and property. Eliminates state firearms owner registration, regulation of ammunition, and assault weapons restrictions. Permits limited state regulation in areas of: possession of firearms and ammunition by, and sale to, the dangerous mentally ill and felons; handguns for those under 21; tefloncoated, armor-piercing, or explosive ammunition; concealed weapons; fully automatic weapons; and background checks. Limits seizure of firearms. Prohibits special taxes or fees on firearm sales, except sales taxes. Summary of estimate by Legislative Analyst and Director of Finance of fiscal impact on state and local government: Unknown increase in state sales tax revenue due to increased purchases of firearms, ammunition, and accessories. Reduction in local sales tax revenues of several million dollars annually due to the elimination of local sales taxes on firearm-related purchases. Reduction of around $30 million in annual revenue from fees applied to firearm purchases for various firearm regulation and enforcement activities. Costs for some of these activities would still be incurred by state and local governments if the measure was enacted. Reduction in state and local correctional costs that could eventually exceed a couple million dollars annually