NSSF is the trade association for America's firearms industry.
Our mission: To promote, protect and preserve hunting and the shooting sports.
NSSF is the trade association for America's firearms industry.
It's mission: To promote, protect and preserve hunting and the shooting sports.
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FAET Obligations Update

Annual Obligations
View full-size chart.

Following are the results of the Firearms and Ammunition Excise Tax (FAET) collections report for the second quarter calendar year 2013. These figures cover the period of April 1, 2013 through June 30, 2013.

Pistols and Revolvers:

$64,605,922.45

Firearms (Other) / Long guns:

$82,489,884.18

Ammunition (shells & cartridges):

$77,154,456.94

TOTAL:

$224,250,263.57

These 10 to 11 percent excise tax dollars collected since 1937 under the Pittman-Robertson Federal Aid in Wildlife Restoration Act are specifically designated to be used by state wildlife agencies for conservation, to date more than $8.25 Billion has been administered through this successful Act. Collectively, purchasers of firearms and ammunition and hunters are the single-largest source of wildlife conservation funding.

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2nd Quarter 2013 Calendar Year Excise Tax Obligations Up 40.3 Percent Over Same Quarter Last Year

Obligations by Category
View full-size chart.

The latest Firearms and Ammunition Excise Tax Collection report released by the Department of the Treasury indicates that firearm and ammunition manufacturers reported tax liabilities of $224.3 million in the second calendar quarter of 2013, up 40.3 percent over the same time period reported in 2012. This 2013 second-quarter total is the highest quarter reported since TTB took over record collection in 1991 -- surpassing the previous highest quarter reported (1st quarter 2013) by 12.6 percent.

The report, which covers the time period of April 1, 2013 through June 30, 2013, shows that $64.6 million was due in taxes for Pistols and Revolvers, $82.5 million for Firearms (other)/ Long Guns and $77.2 million for Ammunition (shells and cartridges). Compared to the same time period in 2012, tax obligations were up 23.0 percent for Pistols and Revolvers, up 43.3 percent for Firearms (other)/ Long Guns and up 55.0 percent for Ammunition (shells and cartridges).

Translation to sales:

Using the latest tax liabilities reported as an indication of sales, a projection of $2.10 billion was generated for the second quarter calendar year of 2013.

Pistols and revolvers:
$64,605,922.45 / .10 = $646,059,224.50 = $646.06 million for Pistols and Revolvers

Firearms (other) /Long guns:
$82,489,884.18 / .11 = $749,908,038.00 = $749.91 million for Firearms (other)/ Long guns

Ammunition (shells & cartridges):
$77,154,456.94 / .11 = $701,404,154.00 = $701.40 million for Ammunition (shells & cartridges)

Total estimation of sales for the quarter: $2,097,371,416.50.

View Excise Taxes/Projected Sales Chart

Please note: These figures reflect what excise taxes the manufacturers have filed and do NOT reflect retail mark-up and final retail sales. These figures represent tax liabilities reported on returns filed as of October 31, 2013 and are only accurate as of this date. Late filed or amended tax returns could be filed for this tax period after the date of this email. These late filed or amended returns will increase or decrease the tax liability for this period. Future Alcohol and Tobacco, Tax and Trade Bureau (TTB) statistical releases will include the updated liabilities and therefore will not agree with the figures provided in this email. In addition, these amounts are the gross amounts of liability for each category -- not the net amount of FAET paid for each category. These amounts do not reflect increasing or decreasing adjustments.

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For additional data on Firearms and Ammunition Excise Tax Collections (FAET), NSSF members can log in at nssf.org/members and click "NSSF Industry Research" then "Quarterly FAET / Excise Tax Data."