I’ve asked this several places with no answers. I know that when native tribes operate casinos and sell alcohol and tobacco products they are exempt from some regulation and taxes. If the Navajos buy Remington will the Pitman-Robertson taxes apply? Will the Navajos have to follow Laws like NFA, GCA 1968 etc? Yes I’ve read they said in the past they’d stop selling “assault weapons” if the bought Remington but who knows how accurate that was.
By Jessica DiNapoli
June 26 (Reuters) - Remington Arms Co, America’s oldest gun maker, is preparing to file for Chapter 11 bankruptcy protection that could come as early as Sunday night and is in advanced talks for a sale to the Navajo Nation, according to a source familiar with the matter.
The Native American tribe is planning to vote to approve the deal as soon as Friday, the source said. The tribe previously had bid for Remington, planning to drop its most controversial semi-automatic rifles, the New York Times has reported.
U.S. retailers have placed restrictions on gun sales after school shootings, hurting manufacturers such as Remington. A Remington Bushmaster rifle was used in the Sandy Hook elementary school shooting in Connecticut in 2012 that killed 20 children and six adults, making it central to debates over gun policy.
The gunmaker has filed for bankruptcy before, in March 2018 after sales faltered and the company had trouble meeting requirements of its lenders.
https://www.reuters.com/article/rem...jo-tribe-in-talks-to-buy-source-idUSL4N2E32QP
By Jessica DiNapoli
June 26 (Reuters) - Remington Arms Co, America’s oldest gun maker, is preparing to file for Chapter 11 bankruptcy protection that could come as early as Sunday night and is in advanced talks for a sale to the Navajo Nation, according to a source familiar with the matter.
The Native American tribe is planning to vote to approve the deal as soon as Friday, the source said. The tribe previously had bid for Remington, planning to drop its most controversial semi-automatic rifles, the New York Times has reported.
U.S. retailers have placed restrictions on gun sales after school shootings, hurting manufacturers such as Remington. A Remington Bushmaster rifle was used in the Sandy Hook elementary school shooting in Connecticut in 2012 that killed 20 children and six adults, making it central to debates over gun policy.
The gunmaker has filed for bankruptcy before, in March 2018 after sales faltered and the company had trouble meeting requirements of its lenders.
https://www.reuters.com/article/rem...jo-tribe-in-talks-to-buy-source-idUSL4N2E32QP