CALIFORNIA WILL CLOSE GUN STORES!!! - 3 Reasons

Published on October 19, 2023
Duration: 11:01

This video discusses three key California laws impacting gun stores in 2024: SB 1384 mandates expensive 24/7 high-definition surveillance systems, AB 28 imposes an 11% excise tax on firearms and ammunition, and a new firearm rationing law limits purchases to one per 30 days. These regulations are predicted to significantly increase operating costs and reduce sales, potentially leading to closures. A workaround for consumers involves obtaining an FFL3 and Certificate of Eligibility.

Quick Summary

California gun stores face potential closures in 2024 due to new regulations. SB 1384 mandates costly 24/7 surveillance, AB 28 adds an 11% excise tax, and a 1-in-30 firearm purchase limit reduces sales. Consumers can obtain an FFL3 and COE to bypass these restrictions.

Chapters

  1. 00:00Introduction: California Gun Store Closures
  2. 01:04Reason 1: SB 1384 - Surveillance Costs
  3. 03:08Reason 2: AB 28 - 11% Excise Tax
  4. 04:55Reason 3: 1-in-30 Firearm Rationing
  5. 05:55Workaround: FFL3 & COE for Consumers
  6. 07:10Impact on Profit Margins
  7. 09:39Debunking FFL3 Myths
  8. 10:44Conclusion & Viewer Opinions

Frequently Asked Questions

What are the main reasons California gun stores might close in 2024?

Three primary reasons are cited: SB 1384 mandates expensive 24/7 surveillance systems, AB 28 imposes an 11% excise tax on firearms and ammunition, and a new law limits firearm purchases to one per 30 days. These factors increase operating costs and reduce sales volume.

How much does the new surveillance requirement cost California gun stores?

The requirement under SB 1384 for 24/7 high-definition surveillance can be costly. Quotes for medium-sized stores have been around $30,000, with some multi-location dealers facing similar costs per location.

What is the impact of California's AB 28 on firearm prices?

AB 28 adds an 11% excise tax to firearms and ammunition. While levied on manufacturers, this cost is expected to be passed on to consumers, leading to an approximate 11% increase in retail prices for guns and ammo in California.

How does California's 1-in-30 firearm law affect consumers?

Starting July 1st, 2024, consumers can only purchase one firearm, receiver, or frame every 30 days. This significantly restricts how many firearms an individual can acquire within a year, even if they have the means to purchase more.

Is there a way for California consumers to bypass the 1-in-30 firearm purchase limit?

Yes, by obtaining an FFL3 (Curio and Relic license) and a Certificate of Eligibility (COE) in California, consumers can become exempt from the 1-in-30 firearm rationing. This also allows for ammunition to be shipped directly to their homes.

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