(a) Prior to May 24, 2003.
An original license or permit is issued for a period of three years. A renewal license or permit is issued for a period of three years. However, a user-limited permit is valid only for a single purchase transaction.
(b) On and after May 24, 2003.
(1)
An original license or user permit is issued for a period of three years. A renewal license or user permit is also issued for a period of three years. However, a user-limited permit is valid only for a single purchase transaction.
(2)
A limited permit is issued for a period of one year. A renewal limited permit is also issued for a period of one year.
Code of Federal Regulations
[ATF No. 1, 68 FR 13786, Mar. 20, 2003]