On the recordJune 29, 2010
I rise today in support of H.R. 5552, the Firearms Excise Tax Improvement Act of 2010, a bill to modify the due date for the payment of certain manufacturers' excise taxes, including those imposed on firearms and ammunition. The bill has the support of Members on both sides of the aisle, as well as the NRA and a number of wildlife conservation groups. This bill is a commonsense fix that will simplify the manner in which manufacturers make payments for excise taxes, which help to finance the Pittman-Robertson conservation fund. The current schedule requires biweekly deposits owed on the excise taxes. That creates an undue burden on our many small sporting goods and sportsmen's outlets, small businesses like RLC Shooting, Garrett Guns, and Mark's Guns, just in my local community, that support the sportsmen community, hunters and shooters that give a lot back, particularly in the maintenance of the nature areas where they work. These biweekly tax payments are expensive, they create additional overhead; and, frankly, this time-consuming process consumes dollars that in fact can be used for job creation on the outside. {time} 1410 We believe it could free up as much as $22 million for these businesses, especially with small businesses, to grow, to hire jobs, and to have a more positive effect on their community as well as expanding a base of additional customers for that excise tax in the long run. It is a great bill supported by all the associated parties.…





