Senate Bill 501

Overview

• Requires person to secure permit before purchasing or otherwise receiving firearm.

Key provisions

• Requires person to secure permit before purchasing or otherwise receiving firearm.
• Specifies qualifications for permit and manner of applying for permit.
• Creates procedures for appealing denial of permit.
• Punishes receipt of firearm without valid permit by maximum of 364 days’ imprisonment, $6,250 fine, or both.
• Requires person who owns or possesses firearm to secure firearm with trigger or cable lock or in locked container.
• Punishes failure to secure firearm by maximum of 30 days’ imprisonment, $1,250 fine, or both.
• Requires person who owns or possesses firearm to report to law enforcement agency loss or theft of firearm within 24 hours.
• Punishes failure to report loss or theft by maximum of 30 days’ imprisonment, $1,250 fine, or both.

Penalties / enforcement

• Punishes receipt of firearm without valid permit by maximum of 364 days’ imprisonment, $6,250 fine, or both.
• Punishes failure to secure firearm by maximum of 30 days’ imprisonment, $1,250 fine, or both.
• Punishes failure to report loss or theft by maximum of 30 days’ imprisonment, $1,250 fine, or both.
• Punishes unlawful possession of magazine capable of holding more than five rounds by maximum of 364 days’ imprisonment, $6,250 fine, or both.

Effective date / timeline

• Requires person to secure permit before purchasing or otherwise receiving firearm.
• Provides that person in possession of such magazine must sell or otherwise dispose of magazine within 180 days of effective date of Act.
• Requires criminal background check before transfer of ammunition.

Exceptions / carve-outs

• Not specified in the OLIS summary.