| Summary |
The bill defines the term assault weapon and prohibits a person
from manufacturing, importing, purchasing, selling, offering to sell, or
transferring ownership of an assault weapon. The bill further prohibits a
person from possessing a rapid-fire trigger activator. A person in
violation of the prohibitions will be assessed a first-time penalty of
$250,000 and $500,000 for each subsequent violation.
The prohibition does not apply to:
•
A member of the United States armed forces, a peace
officer, or other government officer or agent, to the extent
that the person is otherwise authorized to acquire or
possess an assault weapon and does so while acting within
the scope of the person's duties;
•
The manufacture, sale, or transfer of an assault weapon by
a licensed firearms manufacturer to any branch of the
United States armed forces, or to an entity that employs
peace officers, for use by that entity or its employees;
•
The transfer of an assault weapon to a licensed firearms
dealer or gunsmith for the purposes of maintenance, repair,
or modification, and the subsequent return of the assault
weapon to the lawful owner;
•
Any federal, state, or local historical society, museum, or
institutional collection that is open to the public, provided
that the assault weapon is securely housed and unloaded;
•
A forensic laboratory, or any authorized agent or employee
of the laboratory, for use exclusively in the course and
scope of authorized activities;
•
An entity that operates an armored vehicle business and an
authorized employee of the entity while in the course and
scope of employment;
•
A licensed gun dealer who has remaining inventory of
assault weapons as of August 1, 2024, and sells or transfers
the remaining inventory only to a non-Colorado resident
and the sale or transfer takes place out of state; or
•
A peace officer.
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