"FEDERALLY LICENSED FIREARMS DEALER" S.B. 60 (S-2):
FLOOR SUMMARY
Senate Bill 60 (Substitute S-2 as reported) (as enacted)
CONTENT
The bill would amend the handgun licensure law to revise the definition of "federally licensed firearms dealer", as used in a provision exempting those dealers from the requirement to obtain a license to purchase, carry, possess, use, or transport a pistol.
The licensure law defines "federally licensed firearms dealer" as an individual who holds a type 01 dealer license under 18 USC 923. Under the bill, that would be the definition before December 18, 2012. Beginning on that date, the term would mean a person licensed to sell firearms under 18 USC 923. "Person" would mean an individual, partnership, corporation, association, or other legal entity.
The bill would be retroactive and effective on December 18, 2012.
MCL 28.422a Legislative Analyst: Patrick Affholter
FISCAL IMPACT
The bill would have no fiscal impact on State or local government.
Date Completed: 1-23-13 Fiscal Analyst: Bruce Baker
This analysis was prepared by nonpartisan Senate staff for use by the Senate in its deliberations and does not constitute an official statement of legislative intent.