The bill amends N.J.S.2C:58-3 to change the handling of fees collected from firearms permit applications, directing these funds to the General Fund instead of the Victims of Crime Compensation Office (VCCO) account. This shift aims to enhance financial management and contribute to the state's general revenue. The legislation introduces stricter eligibility criteria for obtaining permits to purchase handguns and firearms purchaser identification cards, including specific disqualifications based on criminal convictions, mental health issues, and protective order violations. Applicants are required to complete a firearms safety course within four years prior to application, with exceptions for law enforcement officers and veterans.

Additionally, the bill streamlines the application process by allowing forms to be obtained online and reducing the need for fingerprinting for certain applicants. It establishes a new fee structure for applications and outlines the responsibilities of the chief police officer or superintendent in conducting background checks and ensuring compliance with safety and training requirements. The bill also sets expiration and renewal guidelines for firearms purchaser identification cards and permits, clarifying that a handgun purchase permit is valid for 90 days and can be renewed for good cause. These changes respond to a ruling by the United States Third Circuit Court of Appeals regarding the allocation of firearm fees and are intended to uphold Second Amendment rights.