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11 % federal excise tax
10ring
Member Posts: 91 ✭✭
I was reading on Palmetto's site that there is an 11% Federal tax on AR lowers and parts. Is this a new tax? or, Has it just usually been rolled into the price of the items?
Comments
I'm not aware that this law has changed. If so, I'd like to see documentation. Especially since it sounds like only 1 dealer is charging it, at this point.
Neal
"Show it to me in black-and-white, & I'll take your word for it."
I'm not sure about the percentage but the hidden tax is called the Pittman Robertsman Fund and is applied to all fishing, hunting and shooting items (don't believe it is applied to clothing but could be wrong). The tax was established in the 1950s or earlier. The proceeds are earmarked for hunting and fishing projects and might be redistributed to the states to spend.
Also some camping equipment and archery equipment. It is these funds that pay for public shooting ranges in the national forrests, maintaining the wild life management areas, buying more lands for the forrests, etc. A tax I'm happy to pay.
IIRC a stripped lower isn't subject to the tax...
Again, IIRC, the PR fund/tax was established in the 1920s ...
JIM...................