Firearm Industry Surpasses $16 Billion in Pittman-Robertson Excise Tax Contributions
WASHINGTON, D.C. — NSSF®, The Firearm Industry Trade Association, celebrated a milestone achievement after announcing firearm and ammunition manufacturers topped $16.1 billion in excise tax contributions to the Wildlife Restoration Trust Fund since its inception in 1937. When adjusted for inflation, the total is more than $25 billion. The latest Firearms and Ammunition Excise Tax (FAET) Collection report released by the Department of the Treasury, covering the 4th Quarter Calendar Year 2022, indicates that firearm and ammunition manufacturers contributed more than $235 million, the third-highest 4th calendar-quarter in history.
“The entire firearm and ammunition industry should celebrate this truly outstanding achievement and take pride in this announcement,” said NSSF President and CEO Joe Bartozzi. “The firearm and ammunition industry understands the conservation of wildlife and the habitats in which they thrive are invaluable. They are critical to future generations taking part in hunting and the recreational shooting sports traditions and learning about their vital importance. The Wildlife Restoration Trust Fund, funded significantly by taxes paid by firearm and ammunition manufacturers, is responsible for the restoration and recovery of America’s iconic game species across the country, including the Rocky Mountain elk, whitetail deer, pronghorn antelope, wild turkey and a variety of waterfowl. These contributions have also facilitated the remarkable recovery of the majestic American bald eagle, of which there are now more than 316,000 in the lower 48 states. The firearm and ammunition industry is filled with pride to achieve this landmark for conservation funding and the role our industry plays to ensure America’s wildlife is perpetuated for future generations.”
The astonishing total represents more than $1 billion contributed to conservation since announcing crossing the $15 billion contribution threshold just 12 months ago. It was less than one year before that remarkable achievement that NSSF announced Firearm and Ammunition Excise Tax contributions surpassed $14 billion. Read more