This bill proposes significant updates to current statutes regarding firearm regulation in Arizona by introducing Chapter 31.1 to Title 13 of the Arizona Revised Statutes. It establishes a comprehensive framework for firearm dealers, including definitions of key terms and requirements for obtaining a state permit. New provisions mandate that dealers carry liability insurance, undergo background checks, complete training on firearm laws, and implement security measures such as video surveillance. The bill also specifies employment criteria for individuals handling firearms, introduces penalties for violations, and aims to enhance safety and compliance standards in firearm sales and transfers.

Additionally, the bill modifies existing regulations by exempting certain transactions, such as sales of antique firearms and those to law enforcement, from current laws. It requires dealers to display warning signs about firearm risks, provide safety information to purchasers, and adhere to stricter background check requirements, including a seven-day waiting period for sales. Enhanced record-keeping obligations are introduced, including a centralized electronic database for tracking sales and mandatory reporting of suspicious purchasing patterns. The bill also outlines penalties for violations, establishes a framework for annual inspections, and emphasizes accountability within the gun industry, allowing for legal action against those creating public nuisances.