New Fed Tax 8.25% added to purchase...
09-21-2012 | 05:42 PM
#1
Thread Starter
Boone & Crockett
Joined: Aug 2004
Posts: 11,703
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From: Idaho
New Fed Tax 8.25% added to purchase...
posted on another forum...
This is the first I heard of this - anyone else ran into this new tax?
not only are you paying full retail but you get hit with the new federal excise tax (8.25%) on firearms sold directly from the manufacturer.
09-22-2012 | 08:38 AM
#4
Fork Horn
Joined: Feb 2011
Posts: 428
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09-22-2012 | 08:54 AM
#6
Typical Buck
Joined: Aug 2011
Posts: 861
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From: Ohio
look at the disclaimer .http://www.knightrifles.com/ultra-li...reen-straight/
09-22-2012 | 09:08 AM
#7
Boone & Crockett
Joined: Mar 2007
Posts: 11,410
Likes: 1
From: Comance county, OK
anyone ever notice you get taxed on primitive weapons and stuff..bows, arrows etc
The Pittman-Robertson tax on guns, bows, arrows, etc. has been in effect since the late 1930s. That money is used to build shooting ranges and improve wildlife habitat, etc.
http://www.shootingillustrated.com/i...bertson-at-75/
Since P-R was signed into law, more than $2 billion in excise taxes has been distributed to the states, which matched $500 million of their own funds for wildlife restoration.
Under P-R, states may use the funds to pay up to 75 percent of the costs of a hunter-safety program and the construction, operation and maintenance of public shooting ranges. The remaining 25 percent may be derived from license fees paid by hunters (or from other sources), but not from other Federal grant programs.
As it relates shooting-range development and expansion, a state may use its own criteria to make P-R funds available to individuals, organizations or local governments for its qualifying programs. The 25 percent share of the total project can often be in materials, labor or other in-kind contributions, not necessarily just cash.
Under P-R, states may use the funds to pay up to 75 percent of the costs of a hunter-safety program and the construction, operation and maintenance of public shooting ranges. The remaining 25 percent may be derived from license fees paid by hunters (or from other sources), but not from other Federal grant programs.
As it relates shooting-range development and expansion, a state may use its own criteria to make P-R funds available to individuals, organizations or local governments for its qualifying programs. The 25 percent share of the total project can often be in materials, labor or other in-kind contributions, not necessarily just cash.
09-22-2012 | 09:24 AM
#8
Nontypical Buck
Joined: Oct 2007
Posts: 4,894
Likes: 0
From: central and east texas
The Pittman-Robertson tax on guns, bows, arrows, etc. has been in effect since the late 1930s. That money is used to build shooting ranges and improve wildlife habitat, etc.
http://www.shootingillustrated.com/i...bertson-at-75/
http://www.shootingillustrated.com/i...bertson-at-75/
09-22-2012 | 10:16 AM
#9
Thread Starter
Boone & Crockett
Joined: Aug 2004
Posts: 11,703
Likes: 0
From: Idaho
look at the disclaimer .http://www.knightrifles.com/ultra-li...reen-straight/
A1 found this and pointed to it...
Please Note: The Firearms and Ammunition Excise Tax (FAET) is a tax imposed by Chapter 32 of the Internal Revenue Code (26 U.S.C. 4181) on the sale of firearms and ammunition by manufacturers, producers, and importers. Black powder rifles are considered a firearm under this tax code.
09-22-2012 | 10:24 AM
#10
Super Moderator
Joined: Jan 2004
Posts: 7,492
Likes: 8
From: Wisconsin
The Pittman-Robertson tax on guns, bows, arrows, etc. has been in effect since the late 1930s. That money is used to build shooting ranges and improve wildlife habitat, etc.
http://www.shootingillustrated.com/i...bertson-at-75/
http://www.shootingillustrated.com/i...bertson-at-75/
So the increase in sales as in ] WI by offering the extra (left over) quota kill tags for any given game specie mammal or fowl can be accounted for and is the reason why the state does this. In the end every sale the State can show is dollars back from RP Act and is more dollars to help fund the DNR programs. Be aware of that.
JW