First Quarter Excise Tax Obligations for 2023 Down 23.9 Percent Over Last Year

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 $243.8 million in the 1st calendar quarter of 2023; down 18.9 percent over the same time period reported in 2022. The report, which covers the time period of January 1, 2023, through March 31, 2023, shows that $78.7 million was due in taxes for Pistols and Revolvers, $80.3 million for Firearms (other)/ Long Guns and $84.9 million for Ammunition (shells and cartridges). Compared to the January to March quarter 2022, tax obligations were down 23.9 percent for Pistols and Revolvers, down 9.2 percent for Firearms (other)/ Long Guns and down 21.9 percent for Ammunition (shells and cartridges). ??????
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