Virginia Gun Violence Intervention and Prevention Grant Program and Fund; established.

Virginia Gun Violence Intervention and Prevention Grant Program and Fund; firearm and ammunition tax. Establishes the Virginia Gun Violence Intervention and Prevention Grant Program (the Program) and redirects funds from the Virginia Gun Violence Intervention and Prevention Fund (the Fund) to support such program. The bill requires the Program be administered by the Department of Criminal Justice Services (the Department) to distribute grants to localities and organizations for the purpose of improving public health and safety by supporting effective violence reduction initiatives in communities that are disproportionately impacted by violence, particularly homicides, shootings, and aggravated assaults. The bill provides that funds may also be used to finance the hiring of counselors in public elementary and secondary schools and research initiatives that have the objective of reducing gun violence.The bill provides that the Department shall issue grants on a competitive basis. As a condition of receiving a grant, a locality or organization must commit a cash or in-kind contribution equivalent to the amount of the grant, with waivers allowed for good cause, and report on its progress toward achieving the grant's objectives. The bill requires the Department to provide public access to such reports.The bill imposes a five percent tax on the sale of any firearm or ammunition, with all revenue from the tax accruing to the Fund. Under the bill, firearm and ammunition sales to state or local agencies or law-enforcement officers are exempt from such tax.