Firearms and ammunition manufacturers have topped $17 billion in excise tax contributions to the Wildlife Restoration Trust Fund since its inception in 1937, the NSSF reported. When adjusted for inflation, the total is more than $27.38 billion. The latest Firearms and Ammunition Excise Tax (FAET) Collection report released by the Department of the Treasury, covering the 4th Quarter Calendar Year 2023, indicates that firearm and ammunition manufacturers contributed more than $222 million.

“The entire firearm and ammunition industry celebrates this milestone that demonstrates our commitment to wildlife conservation for all Americans,” said NSSF President and CEO Joe Bartozzi.

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Source: Firearms Industry Surpasses $17 Billion in Pittman-Robertson Excise Tax Contributions to Conservation