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.
Fourth-calendar-quarter (Oct. 1, 2009 to Dec. 31, 2009) excise tax obligations were reported to be $91.8 million, down 6 percent from the fourth calendar quarter in 2008. The fourth quarter report shows $24 million was due in taxes for pistols and revolvers, $29.8 million was collected for long guns and $38 million for ammunition.
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Manufacturers of firearms and ammunition pay the federal excise tax -- a major source of wildlife conservation funding -- on all firearms and ammunition manufactured (11 percent on long guns and ammunition and 10 percent on handguns).
Please note: These figures represent tax liabilities reported on returns filed as of April 28, 2010 (the date the report was run) and are only accurate as of that date. These figures do not represent taxes collected. Late filed or amended tax returns could be filed for these tax periods after the date this report was run. These late filed or amended returns could increase or decrease the tax liability for these periods. Future Alcohol and Tobacco, Tax and Trade Bureau (TTB) statistical releases will include the updated liabilities and therefore will not agree with the figures provided in this report. In addition, these amounts are the gross amounts of liability for each category -- not the net amount of FAET paid for each category. These amounts do not reflect increasing and decreasing adjustments.