Besides complying with the other requirements for being a FFL, if you want to become a manufacture, seller, or importer of Title II firearms there are several licenses you may need. These include the following and the fees are yearly fees.
1. Importer of Title II Firearms $1000.00
2. Manufacturer of Title II Firearms $1000.00
3. Dealer of Title II Firearms $500.00 ( This is the Class III Special Occupational Tax)
If your gross revenues from the previous tax year were less than $500,000 then you may qualify for a reduced rate as follows.
1. Importer of Title II Firearms $500.00 2. Manufacturer of Title II Firearms $500.00
Note: Having a Class 3 SOT license will not permit you to have or use a non-transferable machine gun for personal use. The ATF takes a close look at these transactions and no one should attempt to do this as an inexpensive way to own a machine gun as it could be a very expensive lesson.