AndreusMaximus
Master
500-page PDF's are scary, though.This. Every question I've seen in this thread related to the application of the new rule is answered here.
Like HoughMade sade, skip to page 452. I think the most relevant paragraph that answers the main question everyone is asking, is right here:
§ 478.13 Definition of “engaged in the business as a dealer in firearms other than a
gunsmith or a pawnbroker.”
(a) Definition. A person who devotes time, attention, and labor to dealing in
firearms as a regular course of trade or business to predominantly earn a profit through
the repetitive purchase and resale of firearms. The term shall not include a person who
makes occasional sales, exchanges, or purchases of firearms for the enhancement of a
personal collection or for a hobby, or who sells all or part of the person’s personal
collection of firearms. In addition, the term shall not include an auctioneer who provides
only auction services on commission to assist in liquidating firearms at an estate-type
auction; provided, that the auctioneer does not purchase the firearms, or take possession
of the firearms for sale on consignment
Also relevant:
(d) Predominantly earn a profit. (1) Definition. The intent underlying the sale or
disposition of firearms is predominantly one of obtaining pecuniary gain, as opposed to
other intents, such as improving or liquidating a personal firearms collection
Also relevant, but somehow I couldn't find any references in the linked document (just an oversight I'm sure):