New Fed Tax 8.25% added to purchase...
09-22-2012 | 10:30 AM
#11
Boone & Crockett
Joined: Mar 2007
Posts: 11,410
Likes: 1
From: Comance county, OK
The FAET dates from 1919. Originally the tax was collected by the IRS. Since 1991 the tax has been collected by the BATFE. Not sure how BP guns can be taxed.
http://definitions.uslegal.com/f/fed...on-excise-tax/
http://definitions.uslegal.com/f/fed...on-excise-tax/
Firearms and Ammunition Excise Tax (FAET) is a federal tax imposed on the sale of firearms and ammunition by manufacturers, producers, and importers. This tax was created for the first time in 1919 pursuant to the provisions of Chapter 32 of the Internal Revenue Code.
Last edited by falcon; 09-22-2012 at 10:34 AM.
09-22-2012 | 10:34 AM
#12
Thread Starter
Boone & Crockett
Joined: Aug 2004
Posts: 11,703
Likes: 0
From: Idaho
The FAET dates from 1919. Originally the tax was colleted by the IRS. Since 1991 the tax has been collected by the BATFE.
http://definitions.uslegal.com/f/fed...on-excise-tax/
http://definitions.uslegal.com/f/fed...on-excise-tax/
