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California city passes first gun law requiring annual fees, liability insurance

(Worthy News) – A California city has passed the first-of-its-kind gun law that will require gun owners to purchase liability insurance and pay an annual fee on their weapons.

San Jose city council members voted to approve the new law, which requires gun owners to pay about $25 a year as well as administrative costs to the city. Gun owners also must pay for liability insurance, which covers losses or damages resulting from “any negligent or accidental use of the firearm,” within six months of acquiring a weapon.

Around 50,000 to 55,000 households in the city own guns, meaning the city can expect to make about $1.3 million on the new fees, according to the San Jose Spotlight. [ Source: Fox News (Read More…) ]