May 4, 2010

Firearms and Ammunition Excise Taxes Up 27 Percent In 2009

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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