Bill Text - HB411 (2013)

Repealing a future reduction in vessel registration fees.


Revision: May 28, 2013, midnight

HB 411-FN-A – VERSION ADOPTED BY BOTH BODIES

2013 SESSION

13-0467

03/09

HOUSE BILL 411-FN-A

AN ACT repealing a future reduction in vessel registration fees.

SPONSORS: Rep. Huot, Belk 3; Rep. Burt, Hills 6

COMMITTEE: Transportation

ANALYSIS

This bill repeals a reduction in vessel registration fees that is scheduled to take effect July 1, 2015.

This bill was requested by the department of safety.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

13-0467

03/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Thirteen

AN ACT repealing a future reduction in vessel registration fees.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Repeal. 2009, 144:150, relative to reducing vessel registration fees in RSA 270-E:5, I, is repealed.

2 Effective Date. This act shall take effect upon its passage.

LBAO

13-0467

01/16/13

HB 411-FN-A - FISCAL NOTE

AN ACT repealing a future reduction in vessel registration fees.

FISCAL IMPACT:

    The Department of Safety states this bill, as introduced, will increase state restricted revenues by $1,529,580 in FY 2016 and each year thereafter. There will be no fiscal impact on county and local revenues, or state, county, and local expenditures.

METHODOLOGY:

    The Department of Safety states this bill will repeal a reduction in vessel registration fees currently scheduled to take effect on July 1, 2015. Based on the current number of vessel registrations, the Department estimates the proposed legislation will increase state restricted revenues by $1,529,580 in FY 2016 and each fiscal year thereafter.

    Based on the current number of vessel registrations, the Department states the fees in effect produce $3,059,160 of revenue per fiscal year:

Vessel Length

Quantity

Current Fee

Total Revenue

16 Feet or Less

43,267

$24

$1,038,408

16’1” to 21 Feet

33,096

34

1,125,264

21’1” to 30 Feet

14,950

52

777,400

30’1” to 45 Feet

1,474

72

106,128

Greater than 45 Feet

130

92

11,960

Totals

   

$3,059,160

    Based on the rates scheduled to go into effect on July 1, 2015, the Department states revenue produced per fiscal year would be $1,529,580:

Vessel Length

Quantity

Current Fee

Total Revenue

16 Feet or Less

43,267

$12

$519,204

16’1” to 21 Feet

33,096

17

562,632

21’1” to 30 Feet

14,950

26

388,700

30’1” to 45 Feet

1,474

36

53,064

Greater than 45 Feet

130

46

5,980

Totals

   

$1,529,580

    State restricted revenues would increase by the difference of $1,529,580 ($3,059,160 – 1,529,580 = 1,529,580) in FY 2016 and each fiscal year thereafter.