First Quarter Firearms & Ammunition Excise Tax Figures Released
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)
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.