Revision: Nov. 28, 2023, 8:17 a.m.
HB 1032-FN - AS INTRODUCED
2024 SESSION
24-2465
11/08
HOUSE BILL 1032-FN
AN ACT relative to certificate of title exemptions for vehicles 20 or more years old.
SPONSORS: Rep. Santonastaso, Ches. 18; Rep. Phillips, Rock. 7; Rep. T. Mannion, Hills. 1; Rep. Read, Rock. 10
COMMITTEE: Transportation
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ANALYSIS
This bill exempts vehicles 20 or more years old from having a certificate of title.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
24-2465
11/08
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Four
AN ACT relative to certificate of title exemptions for vehicles 20 or more years old.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Certificate of Title; Exempted Vehicles. Amend RSA 261:3, I(k) to read as follows:
(k) Any motor vehicle whose manufacturer's model year is [before the year 2000] 20 or more years old, except heavy trucks and truck-tractors whose gross vehicle weight exceeds 18,000 pounds.
2 Effective Date. This act shall take effect 60 days after its passage.
24-2465
10/25/23
HB 1032-FN- FISCAL NOTE
AS INTRODUCED
AN ACT relative to certificate of title exemptions for vehicles 20 or more years old.
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
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Estimated State Impact - Increase / (Decrease) | ||||||
| FY 2024 | FY 2025 | FY 2026 | FY 2027 | ||
Revenue | $0 | $0 | $0 | $0 | ||
Revenue Fund(s) | None | |||||
Expenditures | $0 | $24,000 | $0 | $0 | ||
Funding Source(s) | Restricted – Highway Fund Cost of Collections – Per the state constitution, costs associated with the collection/administration of highway fund revenue by the Department of Safety is deducted prior to funds being credited as unrestricted highway fund revenue. | |||||
Appropriations | $0 | $0 | $0 | $0 | ||
Funding Source(s) | None
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• Does this bill provide sufficient funding to cover estimated expenditures? [X] No • Does this bill authorize new positions to implement this bill? [X] No | ||||||
METHODOLOGY:
This bill would exempt vehicles that are 20 years or older from title requirements. The Department of Safety states it would incur costs related to system programming and testing and would require the updating of training materials and the notification of staff, municipal agents, and licensed NH retail dealers. The Department states the estimated cost for system change, testing, and implementation, is approximately $24,000 (160 hours of work at a rate of $150 per hour, presumed to be incurred in FY 2025), and states the cost associated with training and educating agents and stakeholders would be absorbed within its current budget.
AGENCIES CONTACTED:
Department of Safety