The proposed bill amends New Jersey's firearms laws by establishing that firearms purchaser identification cards will now be valid for four years, expiring on the holder's birthday in the fourth year following issuance. It mandates that applicants for these cards or handgun purchase permits complete a training course on the lawful and safe handling and storage of firearms within four years prior to their application. Exceptions to this training requirement are made for law enforcement officers, retired officers, and veterans who have received equivalent training. The bill also clarifies that any firearms purchaser identification card issued before the bill's effective date will expire in the same manner, and it introduces provisions for renewal applications, ensuring that holders are not subject to disqualifying conditions.

Additionally, the bill outlines new regulations regarding the transfer of firearms to heirs or legatees upon the death of an owner. It requires that heirs or legatees must possess a permit to purchase a handgun or firearms purchaser identification card to take possession of a firearm. If the estate's administrator or executor does not have such a permit, they must surrender the firearm to local law enforcement within 30 days, and the firearm will remain in custody until the heir or legatee obtains the necessary permit. If they fail to do so, they must sell the firearm to a licensed dealer. The bill also allows heirs or legatees with valid permits to take possession directly, provided they file a signed certification with the appropriate authorities.