New Jersey is about to limit handgun purchases for dealers and individuals to 1 per month according to Attorney Evan Nappen's interpretation of the proposed legislation. As a result, once dealers sell their inventory, you will no longer be able to purchase handguns in New Jersey. The proposed legislation will have the effect of putting all gun dealers our of business and their employees will loose their jobs.
Evan has put the legislation on notice of this for over a year but the bill has not been modified to correct for this oversight. Some believe it is an oversight, others believe that it is intentional.
This bill seems to violate the commerce clause and the Heller decision by the Supreme Court last year. If passed it will undoubtedly be challenged on a constitutional basis.
Info from NFA Gun Trust Lawyer Blog by David M. Goldman