SBS and laws

[Optimusprime]

So, thinking of getting my first tax stamp item. A short barreled shot gun ( AR 10 mag fed style) ) Are any of you concerned of these and other tax stamp items being taken away by our government ( state or other wise) in the near future ? Not sure I understand if I should file individual or trust, opinions on this as well. Thanks

[flogger]

Good question! Maybe if you put it in a buy back immune trust, if that’s a thing.

Isn't a tax stamp kind of like a registration in the long run?

[Oscar77]

Just my 2%.............

-I'm already on Federal lists, if they have them. So I don't care.
-If they start coming after the registered stuff, they will be going after the "normal" stuff too. And that will be a huge-can-o-worms. So I don't care.
-I've always registered as an Individual............. I don't care.

[bellavite1]

I went with the Silencer Shop Form 1 Service , as an individual, for my SBS.
Made things easier.
But then again I already was in their system with pics, fingerprints etc.

[CS1983]

Trust is always safer. I?m unaware of any situation where that isn?t true, but I?m certainly open to learning.

If a state level issue, can always move it out of state to an individual on the trust (whether originally or added after approval). There?s no legal requirement to redo all BG checks, pics, and fingerprints when adding a responsible party. As an Individual, there?s simply no way to accomplish this without a Form 4 to a trust or another individual and new tax stamp.

For national, there probably would be a whole other host of spicy issues if they are going after NFA items at that level. Even during the AWB they didn?t touch NFA as far as I know, except state level (which continues to be a problem in various states).

[kidicarus13]

There?s no legal requirement to redo all BG checks, pics, and fingerprints when adding a responsible party.

Always thought this was required with a trust.

[CS1983]

Always thought this was required with a trust.

If they are on the trust at time of submitting for a tax stamp, yes.

But if they are not, and then you add them to an existing trust with existing tax stamped assets, there is no legal mechanism or requirement for that process.

[Oscar77]

If they are on the trust at time of submitting for a tax stamp, yes.

But if they are not, and then you add them to an existing trust with existing tax stamped assets, there is no legal mechanism or requirement for that process.

Ok........ to be honest.......... I'm confused.

Firstly in 2016 the ATF changed the filing requirements to have all members of the trust to submit personal info so they had the identities of the trust members.

And so you are saying that you have an existing trust (prior to that change) and so simply add items to it, without being "challenged" (for lack of better word) to update the trust with that personal info?

But the OP is "....thinking of getting my first tax stamp item............" so he'd fall under the new requirements and in setting up a trust, he'd need to submit the personal info of all involved.

Or?????


PS:
Right here............. was this struck down? Or?.........since it requires background/fingerprint etc for all parties, and it seems any transfer :

Background Checks for Responsible Persons (Final Rule 41F) | Bureau of Alcohol, Tobacco, Firearms and Explosives (atf.gov)

[CS1983]

Ok........ to be honest.......... I'm confused.

Firstly in 2016 the ATF changed the filing requirements to have all members of the trust to submit personal info so they had the identities of the trust members.

And so you are saying that you have an existing trust (prior to that change) and so simply add items to it, without being "challenged" (for lack of better word) to update the trust with that personal info?

But the OP is "....thinking of getting my first tax stamp item............" so he'd fall under the new requirements and in setting up a trust, he'd need to submit the personal info of all involved.

Or?????


PS:
Right here............. was this struck down? Or?.........since it requires background/fingerprint etc for all parties, and it seems any transfer :

Background Checks for Responsible Persons (Final Rule 41F) | Bureau of Alcohol, Tobacco, Firearms and Explosives (atf.gov)

That assumes they are on the trust at the time of the application. Once a trust receives an approved tax stamp, there is no mechanism for adding or removing people from a trust that requires their involvement.

ETA:

trust: 1 person - the person’s BG, FP, Pic must be submitted
trust: 2 people - same but for 2

trust: 1 person, X stamps - add 1 more person - just add them. There is no requirement to send in that info UNLESS AND UNTIL the stamp count goes to X+1, at which point the +1 stamp application requires whoever is on the trust at the time of application

[Great-Kazoo]

So, thinking of getting my first tax stamp item. A short barreled shot gun ( AR 10 mag fed style) ) Are any of you concerned of these and other tax stamp items being taken away by our government ( state or other wise) in the near future ? Not sure I understand if I should file individual or trust, opinions on this as well. Thanks

I'm not worried, or care. However i suggest you shoot a few of those semi auto shotguns, before doing a tax stamp. Who did the conversion, or is it a factory offering? Some run fine, others do not like anything under 1600 fps rounds. Those that do can be real picky, like a 22, ammo wise.