Bill > HB1126

This bill, concerning requirements for dealing firearms, expands the definition of a "dealer" to include those who transfer firearms to the public as part of a retail transaction, and introduces definitions for "employee," "large-capacity magazine," "responsible person," and "transfer." It mandates that dealers obtain a state permit to operate, requiring them and their responsible persons to hold a federal firearms license, have no recent license revocations or suspensions for good cause, and no convictions for firearm-related offenses within the preceding three years. The bill also establishes penalties for violations, including fines of up to $75,000 for second or subsequent offenses, and requires the Department of Revenue to adopt rules for imposing these fines, categorizing violations by severity and considering aggravating and mitigating factors. Dealers must maintain detailed records of all firearm transactions, including the recipient's information, firearm details, transaction date, and the employee involved, and these records must be accessible for inspection by peace officers, with a prohibition against using this information to create a firearm ownership registry. Furthermore, dealers and their employees or contractors who handle firearms must complete a department-approved training course annually, and dealers must secure all firearms and large-capacity magazines to prevent unauthorized use, with specific security measures and a comprehensive security plan required by October 1, 2027. Dealers are also obligated to report any theft or loss of firearms from their inventory to the department within 48 hours.