Good news for class 3 firearm enthusiasts! National Firearms Act Gun Trusts will still be a viable option for the new purchase and/or transfer of your Class 3 items until sometime in 2015!
As many of you are aware, our office has been spreading the word for the past several months about the Bureau of Alcohol, Tobacco, Firearms and Explosives (BATFE) planned implementation of one of President Obama’s many executive orders, specifically 41P, which essentially renders new applications for NFA tax stamps via a firearm trust or corporations impossible.
The Guardian has recently reported, due to large amounts of input during the administrative comment period, the BATFE will be forced to postpone implementation of the executive order until sometime in 2015. The BATFE is required to address all valid comments during this process to make sure the people’s voices are heard.
Do not squander this extension. Get your NFA Firearms Act Trust before the BATFE finishes reviewing these comments and enacts rules which inhibits your ability to use a National Firearms Act Trust to pass your Class 3 items through your family tree.