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Discussion in 'NFA/Class 3 & FFL Discussion' started by joehawk, Feb 5, 2012.
Any Class 3 dealers willing to answer a few questions? You can pm me if you like.
Sure. Ask away.
How long to get approved once I send in app & fee?
Once I obtain the permit do I have to pay NFA fees?
How much should I charge for Class 3 transfer?
If I purchase a pre-86 MG and decide to keep it do I have to pay a $200 tx fee?
If the local Chief LEO signs the paper for a approval of a post-86 dealer-demo for possible approval / demonstration what happens to the weapon after? Do I as a class 3 dealer pay the $200 tx fee?
Are you talking about the fee for the FFL and SOT or are you talking about something else?
The SOT is 500 a year. That exempts you from having to pay anything else.
Depends on your area. I charge 25 bucks, others charge 50-100.
Its yours to keep. Its called a "dealer sample".
If you have a SOT you do not have to pay, The 500 a year fee covers it.
Your's to keep? Not necessarily true. You keep post 86 dealer samples as long as you keep the Class III FFL. You give up the Class III, you have to part with the post 86 samples. Pre-86 transferrable weapons you get to keep when you let the FFL lapse.
I have my FFL THE SOT is the question?
If July 1st is the due date to pay the SOT how long do you think I should apply in advance? Or should I apply after July 1?
Yep. that is correct.
I did mine in June...to give them time to process it. Once they cask the check, you are good to go.
Thanks for the info. I might ask a few more from time to time.
If you pay in advance, make sure you are paying for the next tax year and not the current year or you are out your SOT when July comes up. Remember the SOT is not for adding to your personal collection, but for conducting business. Nothing like felony tax evasion to put a damper on your firearm owning rights!
Jake is right, if you are going to be an SOT you need to be in the business to sell NFA items.
Heck, misdemeanor tax evasion will put a damper on your life.