Today is Friday, July 25, 2014rss RSS feed

Firearms and Ammunition Excise Tax Collection Up 29%
Taxes on ammunition outpaces long guns and handguns reaching $48.89 million.

National Shooting Sports Foundation

National Shooting Sports Foundation

Washington, DC --(AmmoLand.com)- According to the most recent Firearms and Ammunition Excise Tax Collection Report, released by the Department of the Treasury, firearm and ammunition manufacturers report excise tax obligations to be more than $115.8 million in the third calendar quarter of 2009, up 29 percent over the same time period reported in 2008.

The increase follows a 52 percent increase in excise tax obligations from the previous quarter (2Q, 2009) and more than a year of record-high FBI background checks for firearm purchasers — another strong indicator of firearm sales.

The report, which covers the time period of July 1 through Sept. 30, shows that $29.85 million was due in taxes for pistols and revolvers, $37.09 million for long guns and $48.89 million for ammunition.

Firearms and Ammunition Excise Tax Collection Up 29%

Firearms and Ammunition Excise Tax Collection Up 29%

Compared to the same quarter in 2008, collections were up 50.2 percent for handguns, 33.4 percent for ammunition and 11.5 percent for long guns.

Encourage support for excise tax reform legislation:

It is important that members of the firearms and ammunition industry urge their senators and representatives to support S 632 and HR 510 — pro-conservation, pro-business, bipartisan legislation to bring equity to the excise tax payment schedule.

Learn more through NSSF’s Government Relations Web page.

About NSSF
The National Shooting Sports Foundation is the trade association for the firearms industry. Its mission is to promote, protect and preserve hunting and the shooting sports. Formed in 1961, NSSF has a membership of more than 5,000 manufacturers, distributors, firearms retailers, shooting ranges, sportsmen’s organizations and publishers. For more information, log on to www.nssf.org.

Ammoland Click to read AmmoLand FTC Marital Disclosures Distributed to you by - AmmoLand.com – The Shooting Sports News source.
  • One User comment to “Firearms and Ammunition Excise Tax Collection Up 29%”

    1. [...] Les dades les he vist a AmmoLand. Una autèntica mina! Tags: Armes, estadística, impostos, taxa, USA Share this [...]

    Leave a Comment

    • Sign up Ammoland for your Inbox

      Daily Digest

      Monthly Newsletter

    • Recent Comments

      • TEX: The tyrannists will hate this story ! They would had preferred the bad guy kill as many as possible. I just hope...
      • Dave Francis: AMERICA WON’T WELCOME ILLEGALS WITHOUT A FIGHT RED FLAG ALERT: Senators Ted Cruz (R-Texas) and Jeff...
      • Dr Dave: @Gen Early that IS the Calif preference. They would absolutely like to outlaw guns and ammo all together but...
      • Smitty6398: It apparently seemed clear enough to the jury to come to a UNANIMOUS DECISION of “not guilty”...
      • PeterC: Screw Nevada; they won’t recognize my AZ concealed carry permit.
    • Social Activity

    • Most Popular Posts

    • Google+ Direct Connect

    Copyright 2014 AmmoLand.com Shooting Sports News | Sitemap | Μολὼν λαβέ

    Win a Daniel Defense DDM4v9 Rifle

    Subscribe and receive our emails , the drawing will be August 15, 2014 maybe you will be the lucky shooter receiving a Daniel Defense DDM4v9 Rifle. For more information visit the Daniel Defense promotional page.
    Monthly email subscription from Ammoland
    13536616
    14091624