Class 3 license

Discussion in 'NFA/Class 3 & FFL Discussion' started by gunner43, Nov 9, 2012.

  1. gunner43

    gunner43 New Member

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    I have a couple of customers that have inquired about suppressors and am thinking about getting a class 3. I have a type 7 now and the machinery to make them. I made one years age when I was a kid and didn't know any better (or didn't have enough sense to think about the law). What think you all?:
     
  2. Arizeus

    Arizeus New Member

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    the way america's becoming idk.
     

  3. c3shooter

    c3shooter Administrator Staff Member

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    Already got the tooling to produce?
    Can you produce a good design that the material and labor costs would be a significant afvantage over other commercially made cans?
    Would sales be enough to offset the additional licensing fees?
    Would it be worth the additional paperwork?
    What is the Excise tax for a suppressor- since the ATF considers them a firearm, there MUST be an excise tax on them-

    :confused::confused::confused:
     
  4. gunner43

    gunner43 New Member

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    Hey guys. Yes I have the tooling and material to produce. I also have the design ability. The demand for the product is what I'm looking at. If I only make one or two a year then it's not worth the hassle but if there is a market for 15-20 year I could see doing it. I am just checking to see which way the wind is blowing. As far as the tax I'll have to look into that. I know that if I buy one via the internet for myself there is no tax here in TN and only sales tax if I sell it through my business.
    By the way, Arizeus, forgive my ignorance but what is idk?
     
  5. c3shooter

    c3shooter Administrator Staff Member

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    IDK= I don't know. Excise tax is a tax collected by the Feds on every gun sold, every bullet sold, every cartridge sold. etc. Failure to pay that tax put Ithaca out of business. NOT a sales tax. Check w/ ATF Firearms Tech Branch over in Morgantown WV.
     
  6. gunner43

    gunner43 New Member

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    I should have known that The Man would be sticking his hand in my pocket. I have been making and selling ammo under the Dead Duck brand name for some time now and with all of the tax forms that I have filled out nobody, not even the ATF, has mentioned anything about an excise tax.

    Thanks for the heads-up. You may have saved me a bunch of money.