ICYMI: Industry News From
May 8-12, 2023
Firearms Industry Surpasses $16 Billion In Excise Tax Contributions For Conservation
NSSF celebrated a milestone achievement after announcing firearm and ammunition manufacturers topped $16.1 billion in excise tax contributions to the Wildlife Restoration Trust Fund since its inception in 1937. When adjusted for inflation, the total is more than $25 billion. The latest Firearms and Ammunition Excise Tax (FAET) Collection report released by the Department of the Treasury, covering the fourth quarter for the 2022 calendar year, indicates firearm and ammunition manufacturers contributed more than $235 million, the third-highest fourth quarter in history.
The entire firearm and ammunition industry should celebrate this truly outstanding achievement and take pride in this announcement,” said NSSF President and CEO Joe Bartozzi. “The Wildlife Restoration Trust Fund, funded significantly by taxes paid by firearm and ammunition manufacturers, is responsible for the restoration and recovery of America’s iconic game species across the country.”
The astonishing total represents more than $1 billion contributed to conservation since announcing crossing the $15 billion contribution threshold just 12 months ago.
The Wildlife Restoration Trust Fund, commonly known as the Pittman-Robertson Fund, is funded by excise taxes paid by firearm and ammunition manufacturers on their products, as well as archery equipment manufacturers. The tax is administered by the Alcohol and Tobacco Tax and Trade Bureau (TTB) of the Department of the Treasury, which turns the funds over to the U.S. Fish and Wildlife Service (USFWS). USFWS deposits the Pittman-Robertson revenues into a special account which is then made available to states and territories the year following their collection based on a statutory formula.
For more info: www.nssf.org
5.11 Tactical Announces Plans For Annual 5.11 Days Celebration
5.11 Tactical announced plans to celebrate its annual 5.11 Days event from Tuesday, May 9 to Tuesday, May 16, 2023.
The event is being celebrated this year in combination with 5.11’s 20th anniversary. Rooted in providing Purpose-Built Gear to the law enforcement, fire, first responder and medical services and military communities, 5.11 Days serves as an annual reminder of 5.11’s commitment to those who live the brand’s Always Be Ready mantra throughout their local communities and across the country.
“There are outstanding individuals in every community who are dedicated to serving others, and at 5.11 we strive to recognize and honor those heroes,” said 5.11 CEO Francisco J. Morales. “The 5.11 Days celebration is another special way to show them our appreciation and to recognize their efforts.”
The company will celebrate 5.11 Days by offering 20% discounts both in-store and online. Its 118 U.S. retail stores will also be giving away a Limited Edition, 5.11 20TH Anniversary Patch with a $200+ purchase, while supplies last, beginning Thursday, May 11, 2023 (retail stores only, not available online). While the spirit of the celebration is intended to honor those who go above and beyond for their communities, the events and discounts will apply to all customers during that time period.
For more info: www.511tactical.com
National Deer Association Celebrates Second Annual Giving Day
The National Deer Association (NDA) celebrated its second annual Giving Day on May 10, 2023. All gifts to NDA on this day were matched by donors who made previous pledges up to a total of $50,000.
NDA is a “4-star charity” according to an independent review by Charity Navigator, the highest ranking given to charities that spend donations efficiently toward their stated mission. Donors can be confident all gifts will support NDA’s mission of ensuring the future of wild deer, wildlife habitat and hunting.
“Your generosity will continue to fuel the success of our organization and help us ensure the future of wild deer, wildlife habitat and hunting,” said Lauren Varner, NDA’s chief development officer. “Thank you on behalf of our board of directors and staff for answering the call.”
More than 230 individual donors made contributions in 24 hours last year for NDA’s first Giving Day, amounting to more than $120,000 for deer conservation, a record for the organization. The boost helped NDA achieve its most productive year ever in mission delivery.
For more info: www.deerassociation.com
