This bill proposes to amend the Arizona Revised Statutes by adding a new section, 13-3123, which establishes regulations for the sale or transfer of firearms. Under the new law, individuals may not sell or transfer a firearm unless they are a licensed firearms dealer, or the transaction is facilitated by a licensed dealer if neither party is licensed. The bill outlines specific procedures for such transfers, including the requirement for both parties to appear in person before a licensed dealer to conduct a criminal background check on the transferee, unless the transferee has a permit exempting them from this requirement. Additionally, the licensed dealer must comply with all federal and state laws regarding the transfer and may charge a fee for facilitating the transaction.

The bill also specifies several exemptions to these regulations, including transfers involving law enforcement agencies, military personnel, gunsmiths, and certain familial or temporary transfers. Notably, it defines "immediate family members" for the purpose of exempting bona fide gifts and outlines conditions for temporary transfers to prevent imminent harm. Violations of this new section would be classified as a class 5 felony. Overall, the bill aims to enhance firearm transfer regulations while providing clear guidelines and exceptions.