HB 1421-FN - AS INTRODUCED
2016 SESSION
\t16-2622
\t03/08
HOUSE BILL\t1421-FN
AN ACT\trelative to exemptions from certificate of title for a vehicle.
SPONSORS:\tRep. Ammon, Hills. 40; Rep. Spillane, Rock. 2; Rep. Aldrich, Belk. 2; Rep. Eastman, Hills. 28; Rep. Burt, Hills. 39; Rep. Hull, Graf. 9
COMMITTEE:\tTransportation
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ANALYSIS
\tThis bill changes the exemption from the certificate of title requirement for older vehicles to those whose manufacturer’s model year is older than 15 years.
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Explanation:\tMatter added to current law appears in bold italics.
\t\tMatter removed from current law appears [in brackets and struckthrough.]
\t\tMatter which is either (a) all new or (b) repealed and reenacted appears in regular type.
\t16-2622
\t03/08
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Sixteen
AN ACT\trelative to exemptions from certificate of title for a vehicle.
Be it Enacted by the Senate and House of Representatives in General Court convened:
\t1 Certificate of Title; Exempted Vehicles. Amend RSA 261:3, I(k) to read as follows:
\t\t\t(k) Any motor vehicle whose manufacturer's model year is [before the year 2000] older than 15 years, except heavy trucks and truck-tractors whose gross vehicle weight exceeds 18,000 pounds.
\t2 Effective Date. This act shall take effect January 1, 2017.
\t\t\t\t\t\t\t\t\t\t\t16-2622
\t\t\t\t\t\t\t\t\t\t\t11/12/15
HB 1421-FN- FISCAL NOTE
AN ACT\trelative to exemptions from certificate of title for a vehicle.
FISCAL IMPACT:
The Department of Safety states this bill, as introduced, will decrease state revenues by $1,875,000 in FY 2017, $2,625,000 in FY 2018, and by $3,375,000 in FY 2019 and each year thereafter and decrease state expenditures and local revenues by $225,000 in FY 2018, $315,000 in FY 2019, and by $405,000 in FY 2020 and each year thereafter. There will be no impact on county revenues or state, county, and local expenditures.
METHODOLOGY:
The Department of Safety states this bill would change the exemption for motor vehicles requiring a certificate of title from any vehicle older than model year 2000 to older than 15 years, effective January 1, 2017. This exemption was changed from older than 15 years to older than model year 2000 during the 2014 legislative session effective January 1, 2015 (Chapter 262, Laws of 2014). The Department states this bill would result in fewer vehicles requiring to be titled beginning in FY 2017. The Department estimates an additional 30,000 vehicles per year will no longer be required to be titled under this bill. The Department assumes there would be 2 and one half times the normal 30,000 additional titles in the first year under this bill as two model years’ worth of vehicles that would be required to be titled under current law would be exempt under this bill. The Department assumes the number of vehicles not required to be titled to plateau by FY 2019. The following is a summary of this bill’s estimated impact on state revenues, as well as local revenues from highway block grant as pursuant to RSA 235:23, 12 percent of total road toll revenue and motor vehicle fees are distributed to cities and towns pursuant to the specified formula in the following year:
| FY 2017 | FY 2018 | FY 2019 | FY 2020 |
Cost Per Title | $25 | $25 | $25 | $25 |
# Estimated Fewer Titles | (75,000) | (105,000) | (135,000) | (135,000) |
Estimated Revenue Decrease | ($1,875,000) | ($2,625,000) | ($3,375,000) | ($3,375,000) |
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Estimated Municipal Block Grant Decrease | $0 | ($225,000) | ($315,000) | ($405,000) |
Included in HB 1 of the 2015 session (Chapter 275, Laws of 2015) was funding for two new positions, with start dates of 10/01/15 and 01/01/17, in the Division of Motor Vehicles to address the increased number of titles required under Chapter 262, Laws of 2014. The Department states due to an increase in titles filed relative to new car sales in FY 16 to date, as well as existing back log, it does not anticipate reducing personnel if this bill were to become law and therefore does not expect this bill to have an impact on state expenditures.