That is essentially correct.
It needs to be listed as an C & R Firearm.
BATF Curios or Relics List
and here's one you could own:
Colt 1928 Navy Thompson Submachine Gun
$75,000.00
Machine Guns For Sale
Holland&Holland wrote:Markemp wrote:Wow...
Why?
Rip Van Winkle wrote:Markemp wrote:100% tax deductible? How does that work?
They're a non-profit organization, just like PBS or MPR.