Yes, you read that right: More than $2,000,000 in NFA stamp applications in one submission. From Silencer Shop’s Facebook page:
So, we have made it through all the orders through the 11th and most of the 12th. Over 1200lbs of Form 4’s and trusts off to the ATF. Over 2 million dollars in tax stamps alone. This is the largest number of Form 4’s ever sent to the ATF in one day, ever!
In addition, sources have confirmed that Silencer Shop currently processes 49% of ALL Form 4 applications nationwide. That’s not just suppressors, but all Form 4 NFA transfers. Pretty staggering when you really think about it.
Other relevant stats:
- Pictured is over 100 Boxes weighting about 12-14 lbs each, estimated at a total of 1200lbs.
- This is twice the size of the largest number of form 4’s sent in one day in the history of the ATF for the entire country.
- $2M+ is the largest amount of revenue that the ATF has received at one time (even though the money doesn’t go to them).
- This is more form 4’s than the entire year for 1998 (as reported in the 2015 ATF report).
Now the big question is, where do we go from here?
If you have forms in the ATF system, do you expect to see approvals in less than 12 months? Are silencer sales going to plummet under the new regulations? With the return of Form 3’s to the ATF eFile system, will dealer to dealer transfer times be reduced? Will new applications get processed faster or slower than before 41F?
Only time will tell, but stay tuned. We hope to bring you additional post-41F news before the week is over.
For new submissions, Silencer Shop has been planning ahead. Last month, TFB brought you the exclusive last on their Secure Identification Documentation (SID) kiosk system.
July 13, 2016, is a date which will forever live in suppressor lore. On that Wednesday, the much-discussed ATF 41F rule goes into effect, kick-starting a new process for suppressor ownership approval. Because we’ve known this industry-wide change became a reality in early January, we at Silencer Shop embraced the challenge and viewed it as an opportunity to apply technology to the system in a manner that was unavailable before ATF 41F’s enactment.
And just because I like Innovative Arms, here’s a Silencer Shop review of their M&P 15-22 Integrally Suppressed rimfire carbine: