I think that some of you are mistaken, and I would hate to see you commit a crime thinking that what you were doing was completely within the law.
AB50 ammends California's assault weapons ban, which means that increases the scope and content of the pre-existing law.
The bill states:
12278. (a) As used in this chapter, a ".50 BMG rifle" means a
center fire rifle that can fire a .50 BMG cartridge and is not
already an assault weapon pursuant to Section 12276, 12276.1, or
12276.5, or a machinegun, as defined in Section 12200.
The important part from above is that you CANNOT register a .50 BMG rifle that is already considered an assault weapon.
Sections 12276 and 12276.1 already banned assault weapons. One of the sections did it by name (model and manufacture of weapon) and the other by characteristic (a semi-automatic centerfire rifle with a detachable magazine and a protruding pistol grip). You must comply with those laws in registering a .50 caliber. That means that those of us who intend to register a .50 BMG CANNOT have a semi-automatic .50 caliber that has a detachable magazine and pistol grip (because those characteristics are ALREADY illegal). Thats why you can't purchase a Barrett 82A1.
Once you've regsitered your .50 BMG, that's exactly what you have: a registered .50 BMG. Having it registered as a .50 caliber assault rifle does not give you the right at that point to manufuacture something that is already outlawed. In order to register for AB50 you had to comply with the pre-existing laws. Just because you now possess a registered .50 caliber doesn't mean that you no longer have to comply.
What I'm trying to say is that at the point of registration, you have you to comply with California's AWB, and just because you now have a " .50 caliber assault weapon" on the books doesn't mean that you no longer have to.
What you guys are talking about would be the equivalent of me trying to register an AK47 or Uzi under SB23 in 1999. Those two weapons had already been outlawed 10 years earlier. All that SB23 did was serve to extend the scope of weapons that the previous law (the Roberti-Roos Act) covered.
Just because the new law (AB50) extends the defintion of what the state considers to be an assault weapon, doesn't mean that you no longer have to comply with previous laws.
Those of you who are thinking that you can purchase a blocked well lower, register it as a .50 BMG, and then mill out the well to accept a detachable magazine are going to find yourself in a whole heap of legal trouble.
For those of you who plan on purchasing a DPMS single shot, or FAB-10 and registering it as a .50 BMG, I see no problem. Those two lowers already comply with the pre-existing law, and unless you were to open up the Fab-10's magwell, you're well within the law.
Currently, as far as AB50 reads, it looks like you can register the DPMS single shot or FAB-10 as a .50 caliber, and swap uppers back and forth, say between a Ferret .50 upper, and a .223 upper. However, all of this is still tentative -- I believe that the DOJ is still discussing whether or not to accept for registration lowers that accept different caliber uppers.
Sorry guys, there is no so called "loop-hole" for you to sneak in an assault rifle.
I'm not a lawyer, and I don't proclaim to be. This is all simply my opinion. Regarding AB50, I highly recommend that you seek legal advice in deciding what course of action to take.