Tax Stamps - That was easy!

[Guest Nunya]

A two minute phone conversation and they're mailing me the stamps today.

 

[MarkInNashville]

Of course they are sending them to you - they make money on the deal.

 

My question is why do you need the stamps in the first place?

[Will H]

Cool, but like Markln asked, why for you stamps?

[Dolomite_supafly]

If you are planning on selling reloads you still need to have federal licensing.

[ShamGlock]

Is this just for those in the business? When I buy ammo I dump it into an ammo can and store it. Is that ammo can supposed to have a tax stamp on it? 

 

Side note: I really hate gun laws and how confusing they intentionally write them. 

[Caster]

If you are planning on selling reloads you still need to have federal licensing.

....and a truck load of liability insurance!

[Dolomite_supafly]

Is this just for those in the business? When I buy ammo I dump it into an ammo can and store it. Is that ammo can supposed to have a tax stamp on it? 

 

Side note: I really hate gun laws and how confusing they intentionally write them. 

 

No. The seller of ammo must collect the tax.

[Patton]

Is this just for those in the business? When I buy ammo I dump it into an ammo can and store it. Is that ammo can supposed to have a tax stamp on it?

Side note: I really hate gun laws and how confusing they intentionally write them.

Only if you plan to resale or trade it in Tennessee.

[Patton]

I don't sell ammo but is there any reason to think once you order stamps from the TWRA you become of interest to The TN Dept of Revenue? Obviously you are buy stamps to sale ammo, do the two agencies talk? Edited April 3, 2013 by Patton

[Guest Nunya]

As I understand it, every "package" of ammo sold in TN, person to person or otherwise has to have a tax stamp.  

 

I have some extra ammo I'm taking to the gun show Saturday.  Not as a business, just as a private sale.

[Guest Nunya]

No worries on this.  I have some extra milsurp and new ammo to let go of.  Some already has the stamp, some does not.

Keeping my reloads.

 

 

 

....and a truck load of liability insurance!

 

If you are planning on selling reloads you still need to have federal licensing.

[nightrunner]

im pretty sure ammo just needs to be taxed the first time not every time

[GlockSpock]

im pretty sure ammo just needs to be taxed the first time not every time

 

Well I think what Benton is trying to say here is that he purchased bulk ammo on the internet, and now is going to sale it. The ammo has never had a tax stamp. I don't know what the law is, never really thought about it in this regard really.

[Guest Nunya]

I pasted the law in the original post. If you sell ammo in tn, each box has to have a stamp. The stamp stays with the box.

 

As someone said above, if you bought ammo online (no tax because it's interstate), then sell it in TN, you have to put a 10 cent stamp on it.

If you buy it in TN and sell it later, it should have the stamp.

Edited April 3, 2013 by bentonbjones

[Patton]

^Exactly. Save your am or boxes when you get through shooting and you can repackage in the old cartons. J/K, but I have though about it.

[Dolomite_supafly]

Actually everything bought from out of state requires that a "Use Tax" be paid. It is the same rate as our state sales tax.

[jcoosi]

So are you going to collect the ten cents and send it in the state?

[Guest Nunya]

So are you going to collect the ten cents and send it in the state?

 

You do this when you pay the state ten cents for the stamp.

[Jason in TN]

Law is posted on the first post read it. If you have any ammo at all in TN with out a tax stamp on the box you are breaking the law. Storing receiving having in possession using. That is the law if you have a box of ammo bought out of state you need a tax stamp to be leagal. Simple if you read it. You did the right thing for sure if you plan on selling it.

Jason

[Guest carter]

Actually everything bought from out of state requires that a "Use Tax" be paid. It is the same rate as our state sales tax.

 

ya i remember getting an email saying i spent 470 something dollars with Amazon.com last year and a web site to go to for paying TN a tax on it... my feeling i am not paying a tax from an e-mail...second if they wanted it, they should charge me when i pay for it... not months and months later

[Smith]

Law is posted on the first post read it. If you have any ammo at all in TN with out a tax stamp on the box you are breaking the law. Storing receiving having in possession using. That is the law if you have a box of ammo bought out of state you need a tax stamp to be leagal. Simple if you read it. You did the right thing for sure if you plan on selling it.

Jason

I bet you send in your "Use Tax" as well?

[221 Fireball]

Seems like a lot of concern over selling a box of ammo among us otherwise pretty decent folks ... especially when I saw on the news last week that prison inmates filed more than 173,000 fraudulent tax returns last year ... and the IRS can't get a handle on it. :yuck:

 

...just saying :pleased:

[Guest Nunya]

Seems like a lot of concern over selling a box of ammo among us otherwise pretty decent folks ... especially when I saw on the news last week that prison inmates filed more than 173,000 fraudulent tax returns last year ... and the IRS can't get a handle on it. :yuck:

 

...just saying :pleased:

 

Good to hear from you, Fireball !  

[jaysouth]

"in the business of:"  No need to worry unless you really intend to make a business of it.  A casual sale is not being in business.

Law is posted on the first post read it. If you have any ammo at all in TN with out a tax stamp on the box you are breaking the law. Storing receiving having in possession using. That is the law if you have a box of ammo bought out of state you need a tax stamp to be leagal. Simple if you read it. You did the right thing for sure if you plan on selling it.

Jason

[Jason in TN]

I bet you send in your "Use Tax" as well?

Pay it when you buy the ammo that is what the 10 cent stamp on it is for.


Jason Edited April 5, 2013 by Jason in TN