Firearms and Ammunition Excise Tax Collection Chart

National Shooting Sports Foundation

NEWTOWN, Conn --(Ammoland.com)- The latest Firearms and Ammunition Excise Tax Collection report released by the Department of the Treasury indicates that firearm and ammunition manufacturers reported tax liabilities of $110.1 million in the first calendar quarter of 2011, up 8.2 percent over the same period last year.

The report, which covers the time period of Jan. 1 through March 31, shows that $37.12 million was due in taxes for pistols and revolvers, $33.71 million for firearms (other)/ long guns and $39.27 million for ammunition (shells and cartridges).

Compared to the same time period in 2010, tax obligations were up 18.5 percent for pistols and revolvers, up 7.19 percent for firearms (other)/ long guns and up 0.74 percent for ammunition (shells and cartridges).

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 6,000 manufacturers, distributors, firearms retailers, shooting ranges, sportsmen’s organizations and publishers. For more information, log on to www.nssf.org.

South Carolina “Second Amendment” Sales Tax Holiday is Nov. 28 – 29

Congressional Sportsmen

Washington, DC --(Ammoland.com)- South Carolina will waive the state’s sales and use tax on purchases of handguns, rifles and shotguns during the first annual Second Amendment Sales Tax Holiday Nov. 28 – 29.

The 48-hour tax break on firearm purchases begins at 12:01 a.m. Nov. 28 and continues through midnight Nov. 29.

The tax exemption also applies to any local sales and use tax.

State implemented sales tax holidays are not a new concept. However, recently, such holidays have been implemented to benefit distributors and purchasers of firearms, ammunition, and other outdoor sporting goods.

The South Carolina legislature passed legislation that created the “Second Amendment” holiday and it occurred for the first time in December of 2008 and gun sales soared (650% increase in one day), resulting in a huge stimulus to the local firearms businesses of South Carolina.

About:
The Congressional Sportsmen’s Foundation celebrated its 20th anniversary in 2009. Throughout this time, CSF has maintained a singleness of purpose that has guided the organization to become the most respected and trusted hunting and fishing organization in the political arena. Visit: www.sportsmenslink.org

National Shooting Sports Foundation

NEWTOWN, Conn --(AmmoLand.com)- The National Shooting Sports Foundation (NSSF), trade association for the firearms, ammunition, hunting and shooting sports industry, hailed yesterday’s passage of the Firearms Excise Tax Improvement Act of 2010 (H.R. 5552) by unanimous consent in the Senate.

The bill passed the House of Representatives at the end of June by a vote of 412-6. The House bill was sponsored by Rep. Ron Kind (D-Wisc.) and Rep. Paul Ryan (R-Wisc.). The Senate bill (S. 632) was sponsored by Sen. Max Baucus (D-Mont.) and had 30 cosponsors, including lead co-sponsor Sen. Mike Crapo (R-Idaho) who co-chairs the Congressional Sportsmen’s Caucus.

This legislation corrects a longstanding inequity in the Internal Revenue Code by permitting firearm and ammunition manufacturers to pay the federal excise tax payment on a quarterly basis, just as other industries that support conservation through a federal excise tax do. Currently, firearms and ammunition manufacturers pay this tax on a bi-weekly schedule, forcing many manufacturers to borrow money to ensure on-time payment. Industry members spend thousands of staff-hours administering the necessary paperwork to successfully complete the bi-weekly tax payments—monies that are due to the federal government long before manufacturers are paid by their customers.

Importantly, HR 5552 pays for itself and does not add to the budget deficit. Nor does the bill lower the amount of conservation dollars collected by lowering the tax rate. It simply adjusts the payment schedule to a quarterly period.

“This bill strengthens wildlife conservation funding in America,” said NSSF Senior Vice President and General Counsel Lawrence G. Keane.

“By enabling manufacturers to grow their businesses, excise tax receipts will actually grow. We are thankful for the tremendous support and leadership of Senators Max Baucus and Mike Crapo. Clearly, their vision in championing this bipartisan, pro-conservation, pro-business legislation allowed for smooth passage of the bill.”

Keane added, “We also want to thank Majority Leader Harry Reid for expediting the legislative process by allowing the Senate to vote on the House-passed version of the bill. Senator Reid has long supported and fought for issues important to our industry and for hunters and gun owners both in Nevada and across the United States.”

The firearm and ammunition excise tax is the major revenue source for funding the Wildlife Restoration Trust Fund (also known as the Pittman-Robertson Trust Fund). Last year, firearm and ammunition manufacturers contributed approximately $450 million dollars to wildlife conservation through excise tax payments.

Passage of HR 5552 would not have been possible without the hard work of many organizations, including a broad coalition of more than 35 conservation groups that are members of the American Wildlife Conservation Partners. This coalition includes the National Rifle Association, Ducks Unlimited, Safari Club International and the Congressional Sportsmen’s Foundation, which made passage of this bill a priority.

The U.S. Fish and Wildlife Service and the Association of Fish and Wildlife Agencies also supported this legislation as did the Internal Revenue Service-Tax and Trade Bureau, which collects the excise tax. There is no organized opposition to this legislation.

“With passage of excise tax improvement in the House and Senate, it is our hope that President Obama will act fast to sign this legislation into law,” said Keane.

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 5,500 manufacturers, distributors, firearms retailers, shooting ranges, sportsmen’s organizations and publishers. For more information, log on to www.nssf.org.

Firearms & Ammunition Excise Tax Figures Released

National Shooting Sports Foundation

NEWTOWN, Conn --(AmmoLand.com)- The latest report of Firearms and Ammunition Excise Tax Collections released by the Department of the Treasury indicates that firearm and ammunition manufacturers paid $101.7 million in excise taxes in the first calendar quarter of 2010, down 7.38 percent over the same time period reported in 2009.

The report, which covers the time period of Jan. 1 through March 31, shows that $31.3 million was collected in taxes for pistols and revolvers, $31.4 million for firearms (other)/long guns and $38.9 million for ammunition (shells and cartridges).

Compared to the same time period in 2009, collections were down 5.19 percent for pistols and revolvers, down 19.32 percent for firearms (other)/long guns and up 3 percent for ammunition (shells and cartridges)

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 5,500 manufacturers, distributors, firearms retailers, shooting ranges, sportsmen’s organizations and publishers. For more information, log on to www.nssf.org.

The report details the significant economic impact the firearms and ammunition industry has on the nation's and each state’s economy.

National Shooting Sports Foundation

WASHINGTON, D.C. --(AmmoLand.com)- At a Capitol Hill breakfast briefing, the National Shooting Sports Foundation, the trade association for the firearms and ammunition industry, released a newly commissioned report.

The report details the significant economic impact the firearms and ammunition industry has on the nation’s and each state’s economy.

Key Points: Firearms and Ammunition Industry Economic Impact

2008

• Jobs 166,200
• Wages $6,361,205,400
• Econ Impact $19,199,634,700

2009

• Jobs 183,424
• Wages  $8,210,881,000
• Econ Impact $27,846,304,300

“During difficult economic times and high unemployment rates nationally, our industry actually grew and created 16,800 new, well-paying jobs,” said NSSF President Steve Sanetti.

“Our industry is proud to be one of the bright spots in this economy.”

Key Points: Taxes

2008

• Federal Taxes $1,503,740,471
• State Taxes $1,299,088,678
• Excise Taxes $327,070,867

2009

• Federal Taxes $2,035,154,440
• State Taxes $1,909,417,793
• Excise Taxes $450,177,780

The economic growth America’s firearms and ammunition industry experienced last year was driven by an unprecedented number of Americans choosing to exercise their fundamental right to keep and bear arms and purchase a firearm and ammunition. This coincided with the continued decline in accidental firearm-related deaths (more than a 60 percent decrease in the last 20 years) and a continued drop in crime rates nationally.

Also cited in the economic impact report were the significant taxes paid by industry member companies to federal and state governments and the Pittman-Robertson excise tax the industry pays on the products it sells – this tax is the major source of wildlife conservation funding in America.

“In 2009 our industry increased its contribution to wildlife conservation by over 37.6 percent, which translates into sportsmen contributing more than $7.5 million dollars daily to conservation efforts,” said NSSF Senior Vice President and General Counsel Lawrence G. Keane.

“Ours is an industry with a storied past, steeped in tradition and a rich heritage,” continued Keane.

“We were there at the beginning of America’s economic expansion and remain a vital and important American industry. We look forward to speaking with members of Congress today about important legislative and regulatory issues that will allow our industry members to continue to grow their businesses and create new jobs in their communities.”

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 5,500 manufacturers, distributors, firearms retailers, shooting ranges, sportsmen’s organizations and publishers. For more information, log on to www.nssf.org.

Buzz Mills For Arizona Governor

Phoenix, AZ –-(AmmoLand.com)- As millions of Americans faced the Thursday deadline to file their taxes, candidate for Arizona governor Buz Mills called on state officials to drop plans to make the tax burden on residents and businesses even heavier.

This year, the average American had to work from January 1 to April 9 before he or she earned enough money to pay this year’s tax obligations at the federal, state and local levels, according to the Tax Foundation, a nonpartisan tax research group based in Washington, D.C.

Mills reiterated his opposition to a proposed state sales tax hike intended to raise an additional $3 billion to help balance the state budget. Mills also opposed a plan, floated by hospitals that supported Obamacare, to raise the state’s top income tax rate by 22 percent. The hospitals’ income tax hike proposal has since been scrapped, but plans to jack up the sales tax live on.

Adding additional taxes during a recession only deflates Arizona’s potential economic recovery, Mills said. Instead, state officials can foster economic growth through tax cuts and spending reductions.

Mills has endorsed plans to cut the capital gains tax, the corporate income tax rate and statewide property taxes. The state can reduce spending, as well, by cutting spending across-the-board, streamlining operations, and eliminating waste, he said.

Buzz Mills For Arizona Governor

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%

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.

Kennesaw , GA --(AmmoLand.com)-  Handguns, rifles and shotguns were cheaper on Friday and Saturday Nov. 27 and 28 because South Carolina lawmakers created a tax-free “Second Amendment Weekend.” South Carolina is the only state in the nation that has a tax-free weekend for both handguns and hunting guns.

Gunshop owners expected a surge in business for the tax-free days because buyers didn’t have to pay the 7.5 percent in state and local sales taxes. Some retailers expected to sell as many guns in two days as they typically do in a month.

South Carolina had the nation’s first tax holiday on guns last year after legislators tacked it on to a tax break on energy-efficient appliances. The state Supreme Court threw out that law in May because of an unrelated energy amendment. Lawmakers restored the gun tax break as a one-time event in the budget this year.

The 7.5 percent sales tax still applied to ammunition during the Second Amendment Weekend.

About:
GunBroker.com is an informative, secure and safe way to buy and sell firearms and hunting/shooting accessories. GunBroker.com promotes responsible gun ownership. Aside from merchandise bearing its logo, GunBroker.com sells none of the items listed on its Web site. Third-party sellers list items on the site and Federal and state laws govern the sale of firearms and other restricted items. Ownership policies and regulations are followed using licensed firearms dealers as transfer agents. Visit www.GunBroker.com

National Shooting Sports Foundation

NEWTOWN, Conn –-(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 $122 million in the second calendar quarter of 2009, up 52 percent over the same time period reported in 2008.

This dramatic increase follows a 43 percent increase in excise tax obligations from the previous quarter (1Q, 2009) and 12 straight months of significant increases in FBI background checks – another strong indicator of firearm sales. Excise tax obligations over the last reported 12 months (July 2008 through June 2009) were more than $419.8 million, an increase of $105.9 million (33.7 percent) over the preceding 12–month period (July 2007 through June 2008). The year’s substantial increases in background checks and federal excise tax obligations began just prior to the 2008 elections and flourished despite a worsening economy.

Manufacturers of firearms and ammunition pay a federal excise tax — a major source of wildlife conservation funding — on all firearms and ammunition manufactured (11 percent on long guns and ammunition and 10 percent on handguns).

The report, which covers the time period of April 1, 2009 through June 30, 2009, shows that $33.5 million was due in taxes for pistols and revolvers, $42.3 million for long guns and $46.1 million for ammunition. Compared to the same quarter in 2008, excise tax obligations were up 44.4 percent for handguns, 51.3 percent for long guns and 57.5 percent for ammunition.

Translation to sales:
Using the latest reporting data as an indication of retails sales, a projection of $1.14 billion was generated in the second quarter (calendar year) of 2009. Please keep in mind that although excise taxes are one of the best indicators of industry performance, they only reflect what excise taxes the manufacturers have filed and do NOT reflect retail mark-up and final retail sales.

• Pistols and revolvers: $33,552,785.73 / .10 = $33,552,857.30 = $335.5 million for handguns
• Long guns: $42,373,696.86 / .11 = $385,215,426.00 = $385.2 million for long guns
• Ammunition: $46,157,400.88 / .11 = $419,612,735.27 = $419.6 million for ammunition

Total retail sales estimation for the quarter: $1.14 billion

Firearms & Ammunition Excise Tax Collections

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 4,000 manufacturers, distributors, firearms retailers, shooting ranges, sportsmen’s organizations and publishers. For more information, log on to www.nssf.org.

Gun Owners of Nevada

Carson City, NV - -(AmmoLand.com)- The Nevada Sheriffs’ and Chiefs’ Association will be hosting its third annual Concealed Carry Weapons (CCW) forum in Carson City on Tuesday, September 15 from 1:00 p.m. to 3:00 p.m. in Room #1214 of the Nevada Legislative Building.

The forum will be available to participants in the Las Vegas area via teleconference at the Grant Sawyer Building located at 555 E. Washington Avenue in Room 4401.

The purpose of the forum is to allow members of the pro-gun community to provide public input regarding the administration of the CCW permitting process, which is the responsibility of the county Sheriffs. The moderating panel will include Douglas County Undersheriff Paul Howell, Nevada Department of Public Safety Captain P.K. O’Neill, and Executive Director of the Sheriffs’ and Chiefs’ Association, Frank Adams.

Your participation in this forum is key to the continued success of Nevada’s Right-to-Carry process, so please take the time to attend in Carson City or Las Vegas. If you can’t attend, but would like to submit a question or comment, please email fadams@nvsca.com or mail to P.O. Box 3247, Mesquite, NV 89024.

WHERE: Carson City, Nevada– Legislative Building– Room #1214
DATE: Tuesday, September 15
WHEN: 1:00 p.m. to 3:00 p.m.

The forum is also available via teleconference for Las Vegas and Southern Nevada residents. The teleconference is at the Grant Sawyer Building located at 555 E. Washington Avenue in Room 4401.

For those who are unable to attend, you may email Frank Adams with your questions. fadams@nvsca.com

The Nevada Sheriff’s and Chiefs Association is responsible for several issues relating to gun owners:

• Handgun Registration in Clark County (Blue Card)
• $25 sales Tax on each gun purchase
• Attempted Fee increases on CCW holders
• And many other unconstitutional gun laws

If you do NOT want more firearm taxes & fees and if you do not want increased registration and more draconian gun laws, you need to attend this meeting.

Again, if you can’t attend, it is imperative that you submit your concerns about less government intrusiveness via email. Email Frank Adams with your concerns: fadams@nvsca.com

About:
Gun Owners of Nevada: As a single issue organization, GONV seeks to prevent any further encroachment upon the rights of law abiding citizens to own, possess and carry personal defense weapons. Our goal is to implement “Vermont Style Carry” within the state of Nevada.