After you get done jumping through all the rings and hoops that the Feds are going to require you to go through you can get a license. Now comes the $64.00 question. Is it worth it to you to do so? Personally, I have never seen the need. Lawdog
I'd like to try and set the record straight with regard to "licenses" and "permits" for an individual to legally own full autos.
THERE IS NO "license" or "permit" required for an individual to own a transferable machinegun as far as the feds are concerned. There may be a couple of states (ie Massachusetts) with may require an additional permit.
Each full auto weapon (or other title 2 device) is individually registered with the NFA Branch of BATF and carrys its own paperwork. When a machinegun is transfered to a new owner, a new registration form (4) for that particular machinegun is completed in duplicate, submitted to the local chief law enforcement officer to sign off, then sent on to the NFA Branch of the BATF to include a pair of fingerprint cards and $200 for the transfer tax.
The time it takes BATF to approve the transfer of a particular machinegun is usually 90-180 days with some running longer and some marginally shorter depending how productive the NFA Branch is at that particular time. Once the approved registration form (4) is received back from BATF, then the new owner may take possession of the machinegun.
Qualifications for ownership are basically the same for any other rifle, shotgun or handgun.......cannot be a convicted felon. Since machinegun forms must be signed off by the local CLEO, being a local troublemaker but maybe not a convicted felon will probably also get you denied.
I've probably left out a couple of small details which someone will help me out with, but the above is basically the "hoops" which must be jumped through. My main point is there is no "license" or "permit" for an individual to obtain, but that each individual weapon carries registration paperwork with the $200 transfer tax stamp attached. The $200 tax is only paid when a machinegun transfers to or from an individual and not an annual tax.