11

Special category: machine guns, destructive devices, and NFA firearms

The National Firearms Act layers its own tax-and-registration regime on top of everything already covered — a separate tax to do the business at all, a separate application for every making and every transfer, and a registry that governs whether a firearm may be possessed by anyone.

In this chapter

• +The special occupational tax an NFA dealer, importer, or manufacturer owes before doing the business
• +How an NFA firearm is made, transferred, and registered — and what the tax stamps buy
• +Why 1986 closed the machine gun registry, and what a licensee may still lawfully hold