This bill proposes an amendment to RSA 261:3, I(j) to exempt trailers with a gross weight of over 3,001 pounds from certificate of title requirements if their manufacturer’s model year is more than 10 years old. The current law only exempts trailers weighing less than 3,001 pounds. The new legal language inserted into the bill specifies that trailers over 3,001 pounds manufactured more than a decade ago will not require a title, while the existing language that exempted only lighter trailers remains unchanged.

The fiscal impact of this bill is significant, with an estimated annual revenue loss of approximately $1,225,000 starting in FY 2027 due to the exemption from title fees. Additionally, local revenue is projected to decrease by about $147,000 per year beginning in FY 2028. The Department of Safety anticipates a reduction in state expenditures related to title processing costs, amounting to around $27,000 annually. The bill is set to take effect 60 days after its passage, which is atypical for motor vehicle-related legislation that usually becomes effective on January 1.

Statutes affected:
Introduced: 261:3
HB1466 text: 261:3