MN SF503

Makes it a gross misdemeanor to falsely report to law enforcement that a firearm has been lost or stolen; elevates to a felony punishable by up to 5 years imprisonment or $10,000 fine for second or subsequent violations or when the person knows the firearm was transferred to someone intending to use it in a felony crime of violence.

Expands the crime of transferring firearms to ineligible persons by adding "or has reason to believe" language to the knowledge standard and broadening the definition to include disqualification under any state or federal law, not just Minnesota statute 624.713.

Elevates firearm transfer violations to felonies when the transferee possesses or uses the weapon within one year in furtherance of a felony crime of violence, or when the transferor knows or has reason to believe the transferee intends to use it for a felony crime of violence.

Makes persons convicted of falsely reporting a firearm as lost or stolen, or violating firearm transfer restrictions, ineligible to possess any firearm for life.

All provisions become effective August 1, 2013, and apply to crimes committed on or after that date.