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Quarterly firearms and ammo excise tax obligations down 16%

From the National Shooting Sports Foundation

-- The latest Firearms and Ammunition Excise Tax Collection report released by the Department of the Treasury indicates that firearm and ammunition manufacturers reported excise tax liabilities of $102.20 million in the second calendar quarter of 2010, down 16.29 percent compared to the same period in 2009.

The report, which covers April 1 through June 30, shows that $31.84 million was due in taxes for pistols and revolvers, $28.71 million for firearms (other)/long guns and $41.65 million for ammunition (shells and cartridges).

Compared to the same period in 2009, tax obligations were down 5.1 percent for pistols and revolvers, down 32.25 percent for firearms (other)/long guns and down 9.77 percent for ammunition (shells and cartridges).

Note that these figures reflect what excise taxes the manufacturers have filed and do not reflect retail mark up and final retail sales.

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