This bill proposes an amendment to the current title registration requirements for motorcycles by exempting any motorcycle whose manufacturer's model year is greater than 20 years from the current calendar year from needing a certificate of title. The new legal language is inserted into RSA 261:3, I, as a new subparagraph (m), while no existing legal language is deleted. The bill is set to take effect on January 1, 2027.

The fiscal impact of this bill is significant, as it is estimated to result in a decrease in revenue for the state and local municipalities. The Department of Safety anticipates a potential annual revenue loss of approximately $59,500 due to the exemption of around 1,700 motorcycle titles that would have been issued under the current law. Additionally, local revenue is expected to decrease by less than $10,000 per year, with state expenditures related to title processing also decreasing by an insignificant amount. Overall, the bill aims to reduce the administrative burden on motorcycle owners while also impacting state and local revenue streams.

Statutes affected:
Introduced: 261:3
HB1430 text: 261:3