Explore The NRA Universe Of Websites

APPEARS IN Legal & Legislation

NRA-Backed Measure Signed By President

Friday, August 27, 2010

Last week, the NRA-backed “Firearms Excise Tax Improvement Act of 2010” (H.R. 5552) was signed into law. 

H.R. 5552 -- originally introduced in January 2009 as H.R. 510 by Congressmen Ron Kind (D-WI) and Paul Ryan (R-WI) -- passed the U.S. House in late June by an unprecedented margin of 412-6.  Reps. John Conyers (D-MI), Sam Farr (D-CA), Dennis Kucinich (D-OH), Jerry Nadler (D-N.Y.), Ron Paul (R-TX) and Maxine Waters (D-CA) were the only Members of Congress to vote against the common-sense measure. 

The Senate version of the bill -- S. 632 -- was co-sponsored by Senators Max Baucus (D-MT) and Mike Crapo (R-ID). 

By unanimous consent, the Senate passed H.R. 5552 on August 5th.  It was signed into law on August 16th, and became Public Law 111-237.

The legislation will allow firearm and ammunition manufacturers to pay federal excise tax on a quarterly basis, just as other industries do.  In the past, firearm and ammunition manufacturers were unfairly mandated to pay their federal excise taxes biweekly while all other manufacturers paid their taxes quarterly.  Obviously, this requirement created an undue burden on the industry.  In addition to being equitable, the change to a quarterly excise tax payment schedule will allow firearm and ammunition manufacturers to reinvest funds into researching and developing new products, purchasing new manufacturing machinery and creating jobs without establishing a new tax, adding to the burgeoning federal deficit, or using any bailout money.

The Joint Committee on Taxation has estimated that this legislation will create a net revenue increase of $4 million over 10 years. Accordingly, the measure will increase funding for wildlife conservation through the Pittman-Robertson Wildlife Restoration Trust Fund. The Pittman-Robertson Wildlife Restoration Trust Fund, established by enactment of federal legislation in 1937, authorizes the development of wildlife restoration projects across the country. This legislation will neither raise taxes nor exempt firearm and ammunition manufacturers from paying federal excise taxes into the Pittman-Robertson Wildlife Restoration Trust Fund.

TRENDING NOW
Biden Plots Sneak Attack Against U.S. Firearms Industry

News  

Monday, January 25, 2021

Biden Plots Sneak Attack Against U.S. Firearms Industry

Joe Biden has unveiled his agenda for his first 100 days in the White House, and his list includes an initiative aimed at nothing less than the destruction of the U.S. firearms industry. This is ...

Anti-Gun Groups Want to Abolish What Law-Abiding Virginians Have been Doing for Centuries

News  

Monday, January 25, 2021

Anti-Gun Groups Want to Abolish What Law-Abiding Virginians Have been Doing for Centuries

Last year, the anti-Second Amendment majority in the Virginia legislature that was purchased by gun-ban extremists passed a number of anti-gun measures. Anti-gun activists even demanded an opportunity to gloat over what they had bought.

Washington: Vague Carry Ban and Rehashed Mag Ban Introduced and Scheduled for Hearings Next Week

Thursday, January 21, 2021

Washington: Vague Carry Ban and Rehashed Mag Ban Introduced and Scheduled for Hearings Next Week

Next week, anti-gun legislation, Senate Bill 5078 and Senate Bill 5038, are scheduled for hearings in the Senate Law and Justice Committee. 

President Trump’s Executive Order Expands LEOSA Carry Rights

News  

Thursday, January 21, 2021

President Trump’s Executive Order Expands LEOSA Carry Rights

On January 18th, President Trump signed an “Executive Order on Protecting Law Enforcement Officers, Judges, Prosecutors, And Their Families.” The order aims to provide for more federal law enforcement officers, prosecutors, and judges to be able to ...

Gun Control Groups Push Hollywood to Produce Even More Anti-gun Propaganda

News  

Monday, January 25, 2021

Gun Control Groups Push Hollywood to Produce Even More Anti-gun Propaganda

Gun control advocates are once again pushing the entertainment industry to produce anti-gun propaganda with the explicit goal of advancing failed firearm legislation. The renewed overt effort will strike some as superfluous, given Hollywood’s lengthy track record of anti-gun agitprop and left-wing political monoculture.

Maryland: Senate Committee Passes Wear & Carry Preliminary Approval

Monday, January 25, 2021

Maryland: Senate Committee Passes Wear & Carry Preliminary Approval

On January 21st, the Senate Judicial Proceedings Committee voted unanimously to pass Senate Bill 309.

“Unity” President Vows to “Defeat” America’s Oldest and Largest Civil Rights Group

News  

Tuesday, January 19, 2021

“Unity” President Vows to “Defeat” America’s Oldest and Largest Civil Rights Group

Biden issued this “pledge” in a January 8 tweet that falsely tried to suggest the men and women of the NRA were somehow implicated in an infamous crime that was committed a decade ago by ...

Florida Alert! Gun Bills Filed in Florida - SO FAR

Friday, January 15, 2021

Florida Alert! Gun Bills Filed in Florida - SO FAR

As Legislators begin to file bills for the 2021 Florida Legislative Session, we are getting questions about various bills due to media reports on gun bills.  Below is a partial list of bills we will ...

Utah: House Judiciary Committee Passes Permitless Carry Legislation!

Saturday, January 23, 2021

Utah: House Judiciary Committee Passes Permitless Carry Legislation!

On January 22nd, the Utah House Judiciary Committee passed House Bill 60 on an 8 - 3 vote. 

Guide To The Interstate Transportation Of Firearms

Gun Laws  

Thursday, January 1, 2015

Guide To The Interstate Transportation Of Firearms

CAUTION: Federal and state firearms laws are subject to frequent change. This summary is not to be considered as legal advice or a restatement of law.

MORE TRENDING +
LESS TRENDING -

More Like This From Around The NRA

NRA ILA

Established in 1975, the Institute for Legislative Action (ILA) is the "lobbying" arm of the National Rifle Association of America. ILA is responsible for preserving the right of all law-abiding individuals in the legislative, political, and legal arenas, to purchase, possess and use firearms for legitimate purposes as guaranteed by the Second Amendment to the U.S. Constitution.