When must firearms special (occupational) taxes be paid and how much are the taxes?by National Gun Trusts
These taxes must be paid in full on first engaging in business and thereafter on or before the first day of July. The current taxes are set out in the following table.
SPECIAL (OCCUPATIONAL) TAX RATES UNDER THE NFA
|CLASS OF TAXPAYER||ANNUAL FEE|
|1 – Importer of Firearms (Including “Any Other Weapon”)||$1000|
|2 – Manufacturer of Firearms (Including “Any Other Weapon”)||$1000|
|3 — Dealer of Firearms (Including “Any Other Weapon”)||$500|
|1 — Importer of Firearms (Including “Any Other Weapon”) REDUCED*||$500|
|2 — Manufacturer of Firearms (Including “Any Other Weapon”) REDUCED*||$500|
* REDUCED = Rates which apply to certain taxpayers whose total gross receipts in the last taxable year are less than $500,000.
A licensed manufacturer under contract to make NFA firearms for the U.S. Government may be granted an exemption from payment of the special (occupational) tax as a manufacturer of NFA firearms and an exemption from all other NFA provisions (except importation) with respect to the weapons made to fulfill the contract. Exemptions are obtained by writing the NFA Branch, stating the contract number(s) and the anticipated date of termination. This exemption must be renewed each year prior to July 1.
[26 U.S.C. 5801; 27 CFR 479.31, 479.32, 479.32a and 479.33]
Source ATF: https://www.atf.gov/firearms/qa/when-must-firearms-special-occupational-taxes-be-paid-and-how-much-are-taxes
Other NFA Gun Trust and ATF Related Blog Posts
Do You Need to Engrave your Form 4 SBR/SBR?
When you apply for an ATF Form 1 tax stamp to make or manufacture an SBR/SBS NFA firearm, you are required to engrave...
First Annual /r/NFA "Stamp Race"
*UPDATE NOVEMBER, 14, 2019* - This contest "Stamp Race" has been postponed indefinitely. Source: r/NFA post 11/14/201...
Does Question 13. "Transferee Necessity Statement" on the ATF Form 4 Need to Be Filled Out for a Silencer?
When you are applying for a tax stamp using the ATF Form 4 paperwork, the ATF Form 4 paperwork states the following p...