Congressional Research Service Issues In Focus White Paper on Firearms & Ammunition Excise Tax
July 26, 2022
July 26, 2022
WASHINGTON, July 26 (TNSrep) -- The Congressional Research Service issued the following In Focus white paper on the Firearms and Ammunition Excise Tax (No. IF12173) on July 22, 2022, by economic policy senior specialist Jane G. Gravelle.
Here are excerpts:
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The federal government first imposed excise taxes on firearms and ammunition over 100 years ago. Today, Section 4181 of the Internal Revenue Code imposes an excise tax at 10% of the manufacturer's p . . .
Here are excerpts:
* * *
The federal government first imposed excise taxes on firearms and ammunition over 100 years ago. Today, Section 4181 of the Internal Revenue Code imposes an excise tax at 10% of the manufacturer's p . . .