Ares Defense Announces the introduction of its Factory SBR’s (Short Barrel Rifles) to the market and the ARES Payback-200 Program.
MELBOURNE, FL, October, 2015 ARES Defense Systems, the country’s leading manufacturer of innovative, mission-configurable firearms, parts and accessories announces the introduction of its Factory SBR’s (Short Barrel Rifles) to the US commercial market. Along with this announcement is the ARES Payback-200™ program; an unprecedented NFA tax rebate program whereby ARES Defense will reimburse their customers for the first $200 NFA transfer tax that applies to its Short Barrel Rifles under the National Firearms Act.
The National Firearms Act of 1934 specifies a transfer tax of $200. for each transfer of any weapon between Individuals that falls under the purview of the NFA. Such weapons include Machine Guns, Silencers, Short Barrel Rifles (SBR’s), Short Barrel Shotguns (SBS’s), and Destructive Devices.
“With the increasing popularity of SBR’s and the transfer times simultaneously becoming shorter, we feel that it’s a great time to enter this space and offer our Factory SBR’s to the civilian consumer. Part of my function is to not only ensure that we’re responsive to our customer’s needs, but that we try to remove sales barriers that may impede our customers from otherwise enjoying our products.” says Geoffrey Herring, President-CEO of ARES Defense. “We demonstrated this commitment when we tirelessly worked with the NYPD to overturn an initial determination that prevented our customers from legally owning our product in the city; they now permit registration of our ARES SCR™ (Sport Configurable Rifle) within New York City which has some of the most restrictive gun laws in the Nation. We have no illusion that the $200. NFA tax is likely to ever be repealed, but we’re offering a solution for our customers who would like to own our factory SBR’s. Our solution is for us to reimburse them for the $200. NFA Transfer Tax in the form of a full value cash rebate under our ARES Payback-200™ program. It sounds unconventional and that’s because it is.”
Under current NFA regulations, tax-exempt transfers of NFA weapons are permitted between certain entities such as law enforcement, government and FFL Dealers and Manufacturers who pay an annual Special Occupational Tax (SOT). But an individual must pay a $200 transfer tax when they purchase an NFA weapon. Under the ARES Payback-200™ program, ARES Defense will reimburse the first end customer for their NFA transfer tax for any factory complete SBR manufactured by ARES Defense.
Here’s how it works: A serialized ARES Payback-200™ certificate that matches the ARES Factory SBR is supplied with each rifle. The rifle transfers tax exempt to an FFL/SOT Dealer or Manufacturer, who then transfers the rifle to the Individual on an ATF Form 4 with $200 tax payment. Upon approval of the transfer, the Individual supplies ARES Defense with a legible copy of their approved ATF Form 4 with Tax Stamp and matching serial number of the original ARES Payback-200™ Certificate. Upon receipt, ARES will reimburse that Individual with their choice of $200 cash or a $200 product rebate. Once the serialized ARES Payback-200™ Certificate is claimed, any future transfers of that specific rifle must be paid by the next Transferee in the manner that is currently done throughout the industry.