AB 863

Under this bill, a person who owns a firearm that is stolen or missing must

report the theft or loss to a law enforcement agency within 24 hours of discovering

the theft or loss. A person who violates this requirement is guilty of a Class A

misdemeanor for a first offense and guilty of a Class I felony for a subsequent offense.

A person who falsely reports a stolen or lost firearm is guilty of the current-law crime

of obstructing an officer and is subject to a fine of up to $10,000 or a sentence of

imprisonment of up to nine months, or both.

This bill also requires a person who commercially sells or transfers a firearm

to provide the purchaser or transferee a written notice of the requirement, created

in this bill, to report a theft or loss of a firearm within 24 hours of discovering it. A

seller or transferor who violates this requirement is subject to a fine of up to $500 or

imprisonment for up to 30 days, or both.

Because this bill creates a new crime or revises a penalty for an existing crime,

the Joint Review Committee on Criminal Penalties may be requested to prepare a

report.