Some info as a friend posted elsewhere, as he is in
Before I left, I had a Colt Commando, and I sure would like
to have that weapon again. Was very good.
Hope some of this info helps you or anyone else. It is for actual
full auto info etc...and yes, you can obtain a semi to probably be
as you like or describe...
You can buy a machine gun if it was made before May of 1986 and is transferrable. There are three types of machine guns. There are "Pre-86 Dealer Samples", "Post-86 Dealer Samples" and "Transferrable". It depends on how they were registered. A dealer sample is just that - a gun for a dealer to have to show prospective customers. It can only be sold to another dealer. Because of that, it's much cheaper, as the prospective buyer base is much smaller.
If it was made before May of 86, it's a "pre-86 sample", and if the dealer decides to go out of business, he can have it re-registered as transferrable, and keep it.
If it was made after May of 86, it's a "post-86 sample", and if he decides to go out of business, he has to sell it to another dealer, or turn it over to ATF to be destroyed.
"Transferrable" means that anybody that can legally own a machine gun can buy it.
So a transferrable MP5, for example, might cost 20 grand, while a Pre-86 dealer MP5 would cost 10, and a post-86 dealer MP5 would cost 6.
The 200 dollars is a one-time tax on the gun. You buy the gun and it's the price of the gun plus a 200 dollar federal tax. You sell the gun, the new buyer pays your price, plus a 200 dollar federal tax. The gun gets sold five hundred times in its lifetime, and there are five hundred 200 dollar taxes paid.
If you want to buy another gun, you pay another 200 dollar tax.
You hear a lot of crap about "a class 3 license". There is no such thing. You can't get a license to own machine guns. You pay a tax on each one you buy.
And before some dealer takes me to task, no, you don't have a license to "own them", you have a license to "sell them". Or a license to "make them and sell them", but not a license to "own them". Ain't no such thing.
To be a dealer in machine guns you have to pay an additional license fee. First you have to be an FFL. There's a fee for that. Then you have to pay a "Special Occupation Tax". That's an extra fee. A "Type 3 SOT" can sell machine guns and other NFA items. A "Type 2 SOT" can make them and sell them.
If you want to play with a gun made after May of 1986, you need to be an SOT, and have a letter, on official stationary, saying that someone that can legally own a post-86 gun is interested in a particular type. That basically means a police department. So if your local police force or sheriff's department gives you a letter saying they are interested in buying some FN P90s, then you can get one. If they decide they don't want one after all, you're okay. You can still keep the gun. But when you give up the business, you can't keep it. You got to either sell it to another dealer or turn it in for destruction.
Concealed Handgun Instructor Texas
Last edited by 1shot1k; 05-05-2012 at 12:12 PM.