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
The Right to Bear Arms Gets Its Day in Court

News  

Monday, November 8, 2021

The Right to Bear Arms Gets Its Day in Court

November 3 was a historic day for constitutional rights in the United States, as the U.S. Supreme Court delved into a detailed and sophisticated exploration of the meaning and scope of the Second Amendment’s right ...

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.

Canada, Six Months from “Confiscation Day”

News  

Monday, November 8, 2021

Canada, Six Months from “Confiscation Day”

In early 2020, Canadian Prime Minister Justin Trudeau announced his so-called “assault weapon” ban along with a temporary amnesty period that allows the owners of newly-banned firearms to possess their property without incurring criminal liability. Canadians affected ...

Biden Administration Bans Importation of Russian Ammunition

News  

Sunday, August 22, 2021

Biden Administration Bans Importation of Russian Ammunition

The Biden Administration’s Department of State announced that it will soon prohibit the importation of Russian ammunition into the United States. According to a release on the Department of State’s website, “[n]ew and pending permit applications ...

Beto’s Back, Along with His Gun Ban

News  

Monday, November 22, 2021

Beto’s Back, Along with His Gun Ban

Everyone’s least favorite adrift office seeker is back in the national spotlight. On November 15, Robert Francis “Beto” O’Rourke announced his candidacy for Texas governor.

Ohio: House Passes Constitutional Carry

Wednesday, November 17, 2021

Ohio: House Passes Constitutional Carry

Today, the House of Representatives voted 60-32 to pass House Bill 227, the constitutional carry bill. It will now go to the Senate for further consideration.

Guide To The Interstate Transportation Of Firearms

Gun Laws  

Monday, June 30, 2014

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.

DOJ Releases Biden Gun Confiscation Order Legislation

News  

Wednesday, June 9, 2021

DOJ Releases Biden Gun Confiscation Order Legislation

DOJ has made clear that Garland’s selective definition of “civil rights” has no room for the Second Amendment...

Brady Campaign v. Armslist Redux: Court Again Rejects Liability Claim

News  

Monday, November 22, 2021

Brady Campaign v. Armslist Redux: Court Again Rejects Liability Claim

This month, a federal district court in Wisconsin dismissed a lawsuit against Armslist, the operator of an online marketplace for firearms, arising out of its role in allegedly facilitating or enabling the sale of a ...

Pennsylvania: Constitutional Carry Clears Final Hurdle And Advances To Governor

Tuesday, November 16, 2021

Pennsylvania: Constitutional Carry Clears Final Hurdle And Advances To Governor

The Keystone State is one final step away from joining 21 other states that have constitutional carry.

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.