Class III
Anyone have any idea what it costs to get a Class III FFL? Not interested myself but the topic came up in a discussion recently. Guesstimates were in the $3k a year range.
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What is needed to get a Class III ?
What does it permit (I know full-auto) dealer or owner ?
How difficult is it and how much ? Have a C&R but want to expand.
What are the other FFL grades ?
Ted Kennedy's car has killed more people than my gun.0 -
$500/yr, due each July 1.
We buy, sell and trade quality guns and scopes!Ask us about Shepherd Scopes!Visit our website at www.ApaxEnterprises.com0 -
Antiquedr is correct assuming you already have a Class 1 FFL. I believe it's $200 first year then $90 for 3 years after that. 0 -
My brother-in-law just applied for one, so I know the $200 for the first year is correct. I'm not sure about after that.-Marcus 0 -
Dont be confused. There is no different type of FFL for automatic weapons, etc. That is the same Class 01 FFL. "Class 3" refers to the special occupational tax, of $500/yr. First you must get a Class 01 or 02 FFL (Dealer or Pawnbroker). Initial cost of that is $200, renewal every three years is $90. The "Class 3" tax is $500 per year.Be aware that you MUST be able to demonstrate that you are actually in business to sell, for real. ATF does check, and if they think you are just buying stuff for yourself they will jerk your licenses.
We buy, sell and trade quality guns and scopes!Ask us about Shepherd Scopes!Visit our website at www.ApaxEnterprises.com0 -
AntiqueDr: Do you mean for the Class 3? I have had a Class 1 out of my home for 24 years and have never had to demonstrate I was in actual business. The last renewal asked how many transactions had been entered into my Bound Book over the last three years; I guess that is a clue to them...but "forced to demonstrate"? 0 -
ref44, Here's how I see it. The ATF & FBI aren't the best of friends but they are on speaking terms. If ATF would like to know how many NICS transfers were done by an FFL holder they could. If one has only done, say, 10 last year, that may indicate one of two things. That FFL holder is unlikely to be making a living off of that so perhaps he is guilty of being a poor business man. (ATF doesn't say whether you have to in the red or black). OR That FFL holder is doing a bunch of illegal transactions by transferring without calling NICS. (Yes some may be to CCW holders but let's be real).Either way makes me a little jumpy, maybe I'm just paranoid. Just an unintended consequence.
Them ducks is wary.0 -
I didnt say "forced" to demonstrate. You must be able to demonstrate. If ATF feels that you are not actually in business, from home or not, then they will not renew your FFL. The majority of my business is dealer-to-dealer, so I call in relatively few NICS checks. My bound book shows 350 or so transfers this year, but only 16 "over-the-counter sales." I'm definitely in the business, and able to demonstrate it.Once you take the plunge and get the Class 3 tax stamp, ATF begins to take a little more direct interest. Expect periodic audits of inventory. Expect a more thorough inspection of paperwork. It goes with the territory.Also, another agency that talks with ATF is the IRS. Don't you think ATF is checking to see if you are claiming business income? I do.
We buy, sell and trade quality guns and scopes!Ask us about Shepherd Scopes!Visit our website at www.ApaxEnterprises.com [This message has been edited by AntiqueDr (edited 10-06-2001).][This message has been edited by AntiqueDr (edited 10-06-2001).]0 -
The FBI and the ATF may not be the best of friends and they may be on speaking terms but the number of NICS checks and approvals that they get do not accurately reflect the number of sales in all states. For example, if you possess a permit to acquire pistols and revolvers in the state of Iowa the dealer is not required to run a NICS check for any of your purchases (handgun or long gun). I've purchased several firearms this year without a single NICS check because I have a permit to purchase handguns in the state of Iowa. NICS has no record of these purchases--just the dealer's books and the yellow form. 0
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