Congressional Research Service Issues In Focus White Paper on Firearms & Ammunition Excise Tax
March 06, 2025
March 06, 2025
WASHINGTON, March 6 (TNSrep) -- The Congressional Research Service issued the following In Focus white paper (No. IF12173) on March 5, 2025, by economic policy senior specialist Jane G. Gravelle.
Here are excerpts:
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Firearms and Ammunition Excise Tax (FAET)
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 man . . .
Here are excerpts:
* * *
Firearms and Ammunition Excise Tax (FAET)
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 man . . .