May 13, 2010
Senators Nelson, Isakson Support Excise Tax Modernization Bill
Senators Ben Nelson (D-NE) and Johnny Isakson (R-GA) have become the latest co-sponsors of S 632., legislation to rectify a longstanding inequity in the frequency with which firearms and ammunition manufacturers pay a federal excise tax on the products they sell.
It is important that members of the firearms and ammunition industry continue to urge their senators and representatives to support S 632 and the House version of the bill, HR 510. This is legislation that is pro-conservation, pro-business and bi-partisan.
The firearms and ammunition excise tax is a major source of wildlife conservation funding in the United States. Passage of an excise tax reform bill will allow the firearms and ammunition industry to pay the excise tax on a quarterly basis, the same payment schedule on which every other industry supporting conservation pays the federal excise tax. This legislation is supported by the U.S. Fish & Wildlife Service as well as the U.S. Tax and Trade Bureau of the IRS, which collects the tax and distributes the monies to the USFWS for the Wildlife Restoration Trust Fund, also known as the Pittman Robertson Trust Fund.
Learn more about this important funding source for wildlife conservation, habitat preservation and development of shooting ranges.