Firearm Industry Pays $16 Billion Tax Bill

by
posted on June 8, 2023
** When you buy products through the links on our site, we may earn a commission that supports NRA's mission to protect, preserve and defend the Second Amendment. **
16 Billion A
Photo by Guy J. Sagi.

Firearm and ammunition manufacturers have now paid more than $16.1 billion in federal excise tax contributions to the Wildlife Restoration Trust Fund, which began collecting the funds in 1937. The money, an expense above and beyond those paid by companies in most other industries, helps underwrite range development and conservation efforts, although the latter’s appeal to a broader audience routinely garners the lion’s share of headlines.  

The Wildlife Restoration Trust Fund, commonly known as the Pittman-Robertson Fund, is funded by excise taxes paid by firearm and ammunition manufacturers on their products, as well as archery equipment manufacturers. The tax is set at 11 percent of the wholesale price for long guns and ammunition and 10 percent of the wholesale price for handguns. It is paid by manufacturers and importers, applies to all firearms produced or imported for commercial federal law enforcement sales, whether the purpose is for recreational shooting, hunting or personal defense. It is administered by the Alcohol and Tobacco Tax and Trade Bureau of the Department of the Treasury, which turns the funds over to the U.S. Fish and Wildlife Service.

Wildlife & Sport Fish Restoration logo deer fish fisherman black leters text on image white background

 “The distribution of funds includes a requirement that $8,000,000 per year must be used for Enhanced Hunter Education programs, including the construction, operation, and maintenance of public target ranges. States can use these funds to pay up to 90 percent of the costs with the other 10 percent derived from other sources, but not from other federal grant programs,” NRA Range Services explains.

“The entire firearm and ammunition industry should celebrate this truly outstanding achievement and take pride in this announcement,” said National Shooting Sports Foundation President and CEO Joe Bartozzi. “The firearm and ammunition industry understands the conservation of wildlife and the habitats in which they thrive are invaluable. They are critical to future generations taking part in hunting and the recreational shooting sports traditions and learning about their vital importance.”

Latest

Wilson Combat Bulwark 01
Wilson Combat Bulwark 01

Beyond the 1911: Wilson Combat's New Bulwark

The Bulwark is designed as a “hard-use service pistol” that combines the best features of a 1911 with those of a daily-carry duty gun, and Wilson Combat delivers it all at a price point below Wilson’s traditional handgun offerings.

Rifleman Review: Walther Arms PDP Pro-X PMM

Recently, Walther Arms has combined several PDP feature sets with a Parker Mountain Machine compensator to produce the Pro-X PMM.

The DOJ Civil Rights Division Strikes Again

The U.S. Department of Justice (DOJ) just opened an investigation to “determine whether Philadelphia Police use a vague ‘good cause’ standard to cancel permits to carry legal firearms.”

Review: Smith & Wesson M&P FPC 5.7

Having more guns chambered in 5.7 mm is a great thing, and the Smith & Wesson M&P FPC 5.7 is a welcome addition to the growing world of 5.7 mm firearms.

Ruger Moves HQ to North Carolina

Ruger quietly relocated its corporate headquarters from Southport, Conn., to Mayodan, N.C., marking the end of the company's management presence in the town where it was founded in 1949.

Honest EDC: A Realistic Assessment of Your Concealed Carry Kit

The problem is not that most concealed-carry loadouts are bad. The problem is that most concealed-carry kits are never re-examined against reality.

Interests



Get the best of American Rifleman delivered to your inbox.