Rob Boudrie
NES Member
- Joined
- Apr 24, 2005
- Messages
- 48,948
- Likes
- 36,414
That is in the current draft and a likely outcome (amendment 11.1), but 11 which does not have the 2016 clause was also adopted. I assume the later overrides. Plus, the bill still has to be reconciled by the house and senate. The bottom like is "Likely but not yet certain".No grandfathering of lowers not registered prior to 7/20/16
What is does mean is than anyone who buys a $3000 stripped in state but not registered lower anticipating it will qualify for grandfathering is taking a big risk. The value of those $3K lowers will go down if the "registered" requirement remains in the bill, and up if "in state" or "owned prior to" is enough. And I'm referring to the baseline of the current, unknown, market value of those lowers since the lengthy series of bumps suggests that $3000 may not be in line with the current market. It remains to be seen if "unregistered" becomes a feature or defect after the bill is enacted.