NSSF to Host CSF Briefing on Excise Tax Reform Bill
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NSSF to Host CSF Briefing on Excise Tax Reform Bill





NSSF will host a Congressional Sportsmen's Foundation (CSF) breakfast briefing on July 16 on recently introduced legislation (HR 6310) to reform the way in which the Firearms and Ammunition Excise Tax (FAET) is collected. HR 6310 will allow the firearms and ammunition industry to pay the FAET on a quarterly basis, the same payment schedule as every other industry that supports conservation. Currently, firearms and ammunition manufacturers must pay the FAET bi-weekly. This change will provide more money to support state wildlife restoration programs through the Pittman-Robertson Trust Fund. Changing from the current bi-weekly to quarterly schedules could free as much as $22 million annually for manufacturers to invest and contribute to industry growth, which in turn, would expand the FAET base. NSSF expects a Senate version of the bill to be introduced soon.
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