Buying a Silencer?
Just a reminder that time is running out before the new rule making goes into effect.
This may seem a long time away if you have plenty of disposable income. For others, a month to save the $200 tax stamp for each plus the cost of purchasing several 'Gun Mufflers' may squeeze the budget.
Under the dubious heading of "public safety" - to verify that such persons are not prohibited from possessing or receiving firearms - each person listed on your trust after 13 July will have to complete a specified form, submit photographs, fingerprint cards (and other identifying information?) and undergo a background check.
https://silencerco.com/blog/2016/02/11/buying-a-silencer-6-things-you-need-to-know-about-atf-41f/ATF 41F
On January 15, 2016, a new Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF) Rule affecting the transfer of items regulated by the National Firearms Act (NFA) was published in the Federal Register. The rule, known as 41F, significantly alters the way that individual members of “gun trusts” or “NFA trusts” operate with regard to possessing NFA items.
While Rule 41F upsets the status quo and introduces some frustrating changes, the news is not all bad. Here are the six most important things you need to know about 41F.
1 • It takes effect July 13, 2016
2 • It is NOT retroactive
3 • It clarifies the definition of “responsible person” as it applies to trusts
4 • It explains what responsible persons must include and do when submitting Form 1 or 4 applications
5 • It removes the CLEO sign-off requirement
6 • Trusts still have value up to and after July 13, 2016
In the lead-up to July 13, 2016, gun trusts will still be just as advantageous to use as they are now. They still allow trust applicants to circumvent CLEO sign-off.
Following the full implementation of 41F, trusts will still be eminently useful as means for inexpensively transferring NFA items to one’s descendants in the event of trust-holder’s death. In addition, trusts are still the most legally-sound method of responsibly sharing NFA items with others.
Effective Date: July 13, 2016
The Department of Justice is amending the regulations of the Bureau of Alcohol, Tobacco, Firearms, and Explosives (ATF) regarding the making or transferring of a firearm under the National Firearms Act. This final rule standardizes the requirements by ensuring that responsible persons for a trust or legal entity are subject to the same identification and background check requirements as individuals. To lessen potential compliance burdens for the public and law enforcement, this final rule eliminates the requirement for a certification signed by the chief law enforcement officer (CLEO) and instead requires CLEO notification. The final rule also clarifies the definition “responsible person” for a trust or legal entity to address concerns about the definition’s scope while maintaining the important objective of ensuring background checks for relevant parties associated with a trust or legal entity.
LINK:
https://www.gpo.gov/fdsys/pkg/FR-2016-01-15/pdf/2016-00192.pdf
