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medalguy · October 13, 2011, 11:28 AM

I'm not sure about Illinois law, I don't and wouldn't live there. But machine guns are as legal to own in MOST localities by a private citizen as any other firearm. They require an application to transfer from one individual to another, fingerprint cards, an approval from your CLEO, and payment of a $200 transfer TAX which is a one-time payment. I note TAX because some people think it's an annual payment, not so, it's paid on thetransfer. If you decide to sell it a week later, the new buyer gets to pay the tax again.

Another method is for a FFL who is licensed as a class 7 licensee (machine gun dealer) to transfer tax-free as long as he holds a valid license. When the license is not renewed, he must transfer all the machine guns out. There is also the small deal of obtaining an ITAR license from the Dept of State and payment of a rather stiff annual license fee and a lot of paperwork.

October 13, 2011, 11:28 AM	#10
medalguy Senior Member Join Date: August 31, 2009 Location: New Mexico Posts: 1,033	I'm not sure about Illinois law, I don't and wouldn't live there. But machine guns are as legal to own in MOST localities by a private citizen as any other firearm. They require an application to transfer from one individual to another, fingerprint cards, an approval from your CLEO, and payment of a $200 transfer TAX which is a one-time payment. I note TAX because some people think it's an annual payment, not so, it's paid on thetransfer. If you decide to sell it a week later, the new buyer gets to pay the tax again. Another method is for a FFL who is licensed as a class 7 licensee (machine gun dealer) to transfer tax-free as long as he holds a valid license. When the license is not renewed, he must transfer all the machine guns out. There is also the small deal of obtaining an ITAR license from the Dept of State and payment of a rather stiff annual license fee and a lot of paperwork.