Quoted: molotov cocktails would not be NFA items by their definition I don't think. YMMV.
Alcohol is not an explosive item.
However, if you plan to shoot such items out of a launcher, it depends. What does it depend on? Well, read the ATF's definition of "explosive material". The rule is 1/4 of an ounce of explosive material. You go figure what that means. IF your thinking of shooting a molotov cocktail from a 40mm grenade launcher, I don't have a good answer. It would a very fine line I"m sure. I would venture to guess, no.
Now on a practical standpoint, shooting a molokov cocktail through any launcher would be stupid but that's just based on a guess, not practical experienece. I don't think alcohol is considered high explosive. I do think you are asking for hospital visits if you try it.
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Molotov cocktails are indeed destructive devices. While they are not large bore, they are probably considered explosive and and definitely indendiary.
26 U.S.C. sec. 5845(f) "The term destructive device
means
1) any explosive, incendiary or poison gas
A) bomb
B) grenade
C) rocket having propellant charge of more than four
ounces
D) missile having an explosive or incendiary charge of
more than one-quarter ounce
E) mine, or
F) similar device
ATF would call it a bomb, grenade, or "similar device."
Incidentally, if you were to apply on a Form 1 to make one from scratch, you're the original manufacturer and your name, city, and state would go in the manufacturer area. The additional info and supplying a design spec sheet would be amusing. I suspect an engraving variance would be necessary, too.
Speaking to
ffsparky26's questions:
1. Small Arms Review once wrote that there ARE at least a few live hand grenades on the registry. (However, they're gone once used. There's a new $200 tax for each grenade.)
2. You could register a molotov cocktail, as they are DDs. I also suspect that an engraving variance would be required due to the issues with engraving a glass bottle. As to your metal band idea,
I like it but I don't think ATF would be so enthused.
3. (More for the grenades) I suspect ATF would require you to have some type of explosives license and a storage magazine. I also suspect that there'd be a slew of local, county, city, and state rules and regs to put up with too.
All that said, now I really want a rifle with blanks and some grenades.
Mike