Welcome To The Patriot 
The Patriot provides a 5-minute weekly digest of the firearm industry.
Brought to you by Trident 1, the best-in-class, all-in-one, cloud-based FFL-compliant POS software for the firearm/outdoor industry.
Video Recap: July’s 2A Legislation Report
Stay informed and engaged with the latest in 2A news and the firearms industry! Introducing our new monthly video recap series, where we’ll break down the most crucial Second Amendment updates you need to know.
But that’s not all – for exclusive content, insider news, and expert insights, make sure to follow us on Facebook, LinkedIn, and Instagram to join our thriving community of firearm enthusiasts and professionals.
Spotlight
A federal judge has struck down New Jersey’s ban on AR-15 rifles, deeming it unconstitutional under recent Supreme Court rulings. U.S. District Judge Peter Sheridan concluded that the AR-15 qualifies as a weapon “in common use” for self-defense, citing the estimated 24 million AR-15s owned by Americans.
The ruling specifically addressed the Colt AR-15 model but could apply more broadly to similar rifles. Despite this, Judge Sheridan upheld the state’s ban on large-capacity magazines holding over ten rounds.
Gun rights groups hailed the decision as a partial victory, and could signal a shift in New Jersey’s strict gun laws, potentially allowing AR-15 sales in the state for the first time in decades.
The CA Excise Tax is Now In Effect
As of July 1, 2024, California has implemented an 11% excise tax on firearms, parts, and ammunition sales, in addition to the existing 6% sales tax. This presents a significant challenge for California FFLs, who must now manage complex quarterly state payments.
The good news is that Trident 1’s advanced POS system is ready to help. Our updated software automates tax calculations and generates detailed reports, ensuring smooth compliance with these new regulations.
The Number:
1 Million Monthly Background Checks
July 2024 marks 60 consecutive months of more than 1 million monthly NSSF-Adjusted FBI National Instant Criminal Background Check System (NICS) verifications for firearm sales, marking a positive trend in firearm ownership
Read More – National Shooting Sports Foundation
In-Depth
Gun Owners of America Fights Florida’s Open Carry Ban
Gun rights activists at GOA are suing to strike down Florida’s 1893 ban on openly carrying firearms after the Republican-controlled legislature rejected a repeal effort. The lawsuit, filed in U.S. District Court, argues the ban is a “blatant infringement of the Second Amendment” that runs counter to the nation’s historical tradition of firearm regulation.
Lummis Bill Aims to Preserve Second Amendment Rights in Wyoming
Senator Cynthia Lummis introduced legislation to protect law-abiding Wyoming gun owners from what she calls “Democrats’ blatant Second Amendment infringements.” The Lawful Purpose and Historical Firearms Act would eliminate most federal restrictions requiring a “sporting purpose” and enable the return of historical American firearms like the M1 Garand.
FPC Challenges Oregon’s ‘Ghost Gun’ Ban
Firearms Policy Coalition sued Oregon in federal court over the state’s ban on self-manufactured firearms, sometimes called “ghost guns.” Citing the long American tradition of making arms for personal use, FPC argues the ban unconstitutionally restricts the right of individuals to build their own legal weapons.
Read More – Firearms Policy Coalition
Highlights
- NSSF Welcomes Expanded Hunting: U.S. Fish and Wildlife Service added 53 new hunting and fishing opportunities across 211,000 acres on 12 National Wildlife Refuges.
- Benelli and Beretta Dominate: Their top-selling guns hit GunBroker.com for July 2024, taking six of the ten top spots in the new and used semi-auto shotgun category.
- Concealed Carry Group Targets Gun Owner Voters:Â Swing states developed a new online tool to help potential voters register and make a plan to vote in November.
- Franklin Armory Introduces New AR Pistols:Â Breaking the market with SBA3 and SBA5 pistol braces combined with their Binary pull-and-release firing mechanism.
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