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Posted: 2/20/2008 5:01:58 AM EDT
This is mainly directed to Mfingar since I spoke to you about it at the Shot Show. I had a lot of info thrown at me that weekend and forgot some of what you told me. Can anyone enlighten me to a step-by-step way to get a real 40mm? I'm not talking about a link to the BATFE site because I've looked at that and my experience with SBR's has lead me to believe that the process is a bit more involved than what is posted on the web. Also, I think this would be a good tutorial for anyone else considering the leap into destructive devices. |
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It's not difficult, you use the same form as any SBR, MG, or Silencer. You can purchase one on a Form 4 that can be ordered Here You also have to get two copies of the Form 4, with two fingerprint cards, and two 2x2" photos. First find your local Sheriff, or Chief of Police, or County Prosecutor, one of which being a Cheirf Law enforcment officer has to sign the form to approve the purchase. If they say yes, your really trackin, if they say no, you will ahve to start a Trust, somthing i have not done. Refer to the Class 3 Forum to learn how to do that. With a trust you don't need the leo signature, the photo, or fingerprints. Then find a dealer with one in stock. I have had good luck with policeguns.com aka clyde armory (i ahd issues but it was unintentional and they fixed the problem promptly), and hear good things about impactguns.com. You buy it, they send it on a form 3 to a DD dealer in your state, you then send the F4 to ATF in Georgia. IT then gets forward to ATF in WVA. If it is approved you'll know in about 45 days or so. they send one copy of the Form 4 back to you and you pick up your launcher. BUT If you live in a state with no known FFL holder that can deal DD then you get to do a Form 1. But you better do it quick this is a loophole that the feds are trying to close. You get yourself a Form 1, and do the same thing, except a F1 is to build a firearm not to transfer one. you find a dealer with an m203 reciever in stock, buy it and they ship it right to you. You put the serial number on the F1 and send it to the ATF except F1's go straight to W. VA not GA, once it is approved you can purchase a 40mm barrel to complete your launcher. The only downsid eof this is you must engrave your name city and state on the laucnher somewhere. This is legal because you can purchase 37mm barrel for an m203 reciever, which is not a regulated item. When you purchase the reciever it will be sent to an FFL of your choseing and you buy it just like it's a rifle transfer. |
+1 I've yet to hear anybody refer to this as a loophole, much less something to be closed. Mike |
| Thats what i was told, it could be rumor i suppose. But LMT will no longer sell recievers (barreless) to individuals. That could be part of it, or how the rumor began. I honestly haven't researched it, just figureing if a dealer had recievers in stock less barrel it was only because they removed the barrel themselves. |
| Another option if you can not locate a DD dealer is to have it transferred to any FFL in your state who will handle the transfer as a tax paid Form 4. I would find C3 dealer as they would understand the process. Being a DD dealer entitles them to transfer the items tax free. Another $200 to the cost for the tax, but most bare LMT receivers are not much/any less than a full launcher and then you have to buy the barrel/engrave the receiver if you go the F1 route. |
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A F1 makes you the manufacturer. The manufacturer is required to mark the receiver or the barrel with their info. I would think you would want to engrave the receiver if you went this way. If it was me, I would by the launcher from LMT. Have it transferred to a instate dealer. If they are a DD, great, tax free. If not, you pay $200 for the tranfer to the dealer, plus their fee, then you pay another $200 for the transfer to you on the F4. If you ever want to sell, you will have more buyers interested if you initials and city state are not engraved on the receiver. I don't know for sure, but I don't think LMT sells stripped receivers. Most are bought as completed launchers by a DD dealer who then removes the barrel and notifies ATF that it is no longer a DD. So when they bought it, they paid for a full launcher. Your price will be for a full launcher, even though you will still have to buy the barrel. |
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Sandlewood_3 is a little confused. The easiest way by far is to have a complete M203 transferred to a Class 3 dealer which is TAX FREE. Then you do the paperwork just like you would on a Suppressor. That's how I did mine. If you buy a receiver only, it will transfer like a normal firearm. You take it home just like you would any other normal firearm. Do the Form 1, wait for the paperwork to come back, buy your barrel and assemble it. Both methods include only one $200 transfer. Buying a complete M203 through your local Class 3 is easier and most likely cheaper. |
Being a DD dealer is not the same as being a Class 3 dealer. A DD dealer is a type 9 FFL, a DD manufacturer is a type 10 FFL. Just being a 03 or 02 SOT does not allow you to receive DDs on a Form 3. Sounds like your dealer had a Type 9 or Type 10 FFL in addition to his SOT. Not all dealers have this. |
BATFE allows "regular" Class 2 and Class 3 SOTs to transfer a limited number of DD's tax free. At least this has been the case in the past (it's how I got my M203). Joe |
You are wrong. A class 3 can receive a limited number of DD's tax free on their S.O.T. Depending on which errornet thread you read the answer varies from two in inventory at the same time to two transfers per year. If you have a DD dealer close by then, you will need to transfer through them since ATF won't approve the tax free Class 3 transfer. I was the first DD transfer for this dealer who was a plain Class 3 so, whether it was a 2 per year or 2 in inventory when the Form 3 went through wasn't an issue. My price was well below retail so I'm sure he didn't pay an extra $200 tax on the transfer but, I guess it's possible he sold it at a loss. There were no DD dealers within reasonable proximity to where I live so, ATF approved everything like a normal Class 3 transfer. |
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