Vote Smart's Synopsis:

Vote to pass a bill that establishes requirements for firearm dealers in Colorado.

Highlights:

• Requires firearms dealers to obtain a permit in order to transfer firearms into or out of the state (Sec. 2).

• Prohibits a firearms dealer from being issued a permit if the dealer or any responsible person of the dealer has had a dealer’s license revoked, suspended, or denied within the previous three years (Sec. 2).

• Establishes a fine of up to $75,000 for a second violation of a federal law or rule that would result in potential revocation of a firearm’s license, and which takes place after January 1, 2027 (Sec. 2).

• Requires firearms dealers to keep a record of each firearm transaction they conduct, other than transactions solely involving destructive devices (Sec. 3).

• Prohibits any state agency from using the information obtained from dealer records to create or maintain a registry identifying firearm ownership (Sec. 3).

• Classifies the failure to keep the required records of transaction for any firearm as a class 2 misdemeanor (Sec. 4).

• Requires each responsible person of a firearms dealer who handles, sells, transfers, or otherwise has access to firearms to complete an annual training course (Sec. 5).

• Requires firearms dealers to secure each large-capacity magazine behind a counter, in an enclosed and locked display case, or in a locked room inaccessible to the public (Sec. 5).

• Requires firearms dealers to submit a comprehensive security plan that demonstrates measures to protect personnel, customers, firearms, and ammunition, and to prevent unauthorized entry, by January 1, 2027 (Sec. 5).

• Requires firearms dealers to report the theft or loss of a firearm from their inventory within 48 hours of learning of the theft or loss (Sec. 5).

Full Bill Text