Urge Senate to Pass Firearms Excise Tax Reform Now
3:00pm Friday, July 30, 2010
On June 29, the U.S. House of Representatives passed the Firearms Excise Tax Improvement Act of 2010 (HR 5552) by a vote of 412 to 6. The bill is now pending in the Senate. This legislation corrects a longstanding inequity in the Internal Revenue Code by permitting firearm and ammunition manufacturers to pay the federal excise tax payment on a quarterly basis, like other industries that support...