This bill amends N.J.S.2C:39-10 to expand the culpability requirements for firearms trafficking offenses and violations of regulatory provisions related to firearms. It introduces the concept of recklessness in addition to knowledge, making any person who knowingly or recklessly violates regulatory provisions related to firearms guilty of a crime of the fourth degree. Additionally, the bill modifies the culpability of licensed dealers, stating that if a dealer sells a firearm to someone when they know or should have known that the buyer intends to transfer it to a disqualified person, they are guilty of a crime of the second degree and will be permanently disqualified from holding a retail license.

The bill also establishes mandatory minimum sentences for certain offenses, including an 18-month minimum for dealers who violate the new provisions, and a three-year minimum if the firearm is used in a crime. Other provisions include penalties for individuals who provide false information in firearms applications and for those who sell firearms to minors. Overall, the bill aims to strengthen regulations surrounding firearms transactions and enhance accountability for violations.