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

NRA Logo On Blue
NRA Logo On Blue

Statements to Members Regarding Indemnification

A statement to members regarding indemnification insurance for directors and officers of the National Rifle Association of America.

Review: Colt Enhanced Patrol Rifle II Pro

For many AR-15 enthusiasts, the Colt 6920 remains the benchmark for a solidly built rifle. The company's new Enhanced Patrol Rifle II Pro builds on that legacy with a number of welcome updates.

Winchester Ammunition: More Than Just Ammo

Winchester Ammunition has proven its commitment to the community through several initiatives that show the company is dedicated to making more than just ammunition.

CSG Trading Debut "Largest Defense IPO Ever Recorded"

Czechoslovak Group (CSG), which owns Federal, CCI, Hevi-Shot, Remington Ammunition, Speer and Fiocchi, went public on the Euronext Amsterdam stock exchange in January.

Rifleman Review: Taurus 850 Revolver

One of Taurus' latest offerings is the 850, which builds on the company's earlier 650 design, providing the same shrouded-hammer design in a .38 Special-only chambering.

The 110 RF: Savage's Flagship Rifle Goes Rimfire

The Savage Arms 110 action has been a hallmark within the rifle world since 1958. Now, for the first time, the full-size 110 action is available in a rimfire chambering.

Interests



Get the best of American Rifleman delivered to your inbox.