President Signs Industry Excise Tax Bill into Law
7:00am Friday, August 27, 2010
by Larry Keane The President has signed into law the Firearms Excise Tax Improvement Act of 2010 (H.R. 5552). The bill passed the House of Representatives at the end of June by a vote of 412-6 and on August 5 it cleared the Senate by unanimous consent. This important legislation corrects a longstanding inequity in the Internal Revenue Code by permitting firearm and ammunition manufacturers to pay...

