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 … Read more