Sell as an SBR or not?

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captain steinbrenner
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Sell as an SBR or not?

Post by captain steinbrenner » Thu Jan 03, 2013 8:04 am

Guys I want to sell my DRACO SBR, is in a FORM 1 but I'm not familiar with the process.
What you guys think sell it as an SBR or blind pin a barrel extension and take it out of the NFA registry?
Can somebody with experience chime in please?
I don't even know how many taxes have to be paid to transfer it on SBR configuration. :-k
Thanks in advance.
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Pizzim
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Re: Sell as an SBR or not?

Post by Pizzim » Thu Jan 03, 2013 9:26 am

IIRC one 1 unless it goes out of state then it would be two .... transfer would be via form 4

Im sure someone else will chime in ... Sweep, Tony .... All i did was stay at a holiday inn last night
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ipscscott
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Re: Sell as an SBR or not?

Post by ipscscott » Thu Jan 03, 2013 11:36 am

just sell it as an SBR instate. If it goes out of state there will be 2 transfer taxes. If you'd like to PM me with details, I may know of a buyer.
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captain steinbrenner
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Re: Sell as an SBR or not?

Post by captain steinbrenner » Thu Jan 03, 2013 12:07 pm

Scott please pm me.
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Mr. Smith
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Re: Sell as an SBR or not?

Post by Mr. Smith » Thu Jan 03, 2013 2:15 pm

Pizzim wrote:I’m sure someone else will chime in ... Sweep, Tony .... All i did was stay at a holiday inn last night.
This is exactly what I was going to post. Only change that I might have made is to add Moe and maybe a couple of others. No matter how many people you name someone will feel left out – But then again, I didn’t even sleep at a Holliday Inn last night!
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Re: Sell as an SBR or not?

Post by Pizzim » Thu Jan 03, 2013 2:31 pm

Id thought about doing a form 1 on a draco but never got around to it. If Scott doesnt have a buyer for you i would be interested in knowing the price
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tony k
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Re: Sell as an SBR or not?

Post by tony k » Thu Jan 03, 2013 8:49 pm

Yes, it can be returned to Title 1 status, NFA notified, and sold as a "regular" firearm.

I wouldn't do that. Because of all the pending and proposed legislative changes.

Under the current legislation proposed by Diane Feinstein, if it is returned to Title 1 status and the bill passes as it is written, the new non-SBR must be registered as an NFA item -- but it will never be allowed to be transferred again. Instead, when the current owner (the buyer) dies, it must be surrendered and destroyed.

Under the accepted current reading of the same proposed legislation, that "no transfer" ban may or may not apply to existing registered SBRs.

So it's entirely possible that returning it to Title 1 status means it will be destroyed, while retaining its SBR status may mean it will still lawfully be around generations from now.

Given all the uncertainty, I definitely would not "un-register" any SBRs until we see what happens with all this pending legislation.

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