Relating to creating a criminal offense for the unlawful possession or transfer of a large-capacity magazine.

HB 481 would create a new criminal offense for possessing or transferring a large-capacity magazine without legal authorization. This law directly affects individuals who own or handle these magazines, which are defined as firearm magazines holding more than a specified number of rounds (typically 10 or more, though exact thresholds are defined in the bill). The bill establishes penalties for violations, including potential fines or imprisonment, though specific penalties are not detailed in the provided summary. The bill is currently under review by the Homeland Security, Public Safety & Veterans' Affairs committee.