Firearms and Ammunition Excise Tax (FAET)

February 25, 1919

  • Section 4181 of the Internal Revenue Code
  • imposes an excise tax on imported firearms and ammunition
  • since January 2003  – administered by the Alcohol and Tobacco Trade Bureau (TTB) within the U.S. Dept. of Treasury
  • 10% tax of the sales price is imposed on pistols and revolvers
  • 11% tax of the sales price is imposed on other portable weapons (rifles & shotguns) and ammunition