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May 4, 2010

Firearms and Ammunition Excise Taxes Up 27 Percent In 2009

According to the Department of the Treasury's most recent Firearms and Ammunition Excise Tax Collection Report, firearm and ammunition manufacturers reported excise tax obligations to be $439.5 million in calendar year 2009, up 27 percent compared to 2008. The report shows that $120.5 million was due in taxes for pistols and revolvers, $148.2 million for long guns and $170.8 million for ammunition. Compared to calendar year 2008, collections were up 33 percent for handguns, up 34 percent for ammunition and up 17 percent for long guns. Full Story

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Categories: Government Relations