NH HB1421

Changes motor vehicle title exemption from a fixed cutoff (model year 2000 and older) to a rolling 15-year threshold, meaning vehicles 15 years old or older would no longer require a certificate of title

Heavy trucks and truck-tractors with gross vehicle weight exceeding 18,000 pounds remain exempt from this title exemption regardless of age

Estimated to decrease state Highway Fund revenue by approximately $2 million per year due to approximately 57,000 fewer title applications at $35 each

Would reduce municipal revenue by approximately $240,000 per year beginning in FY 2028 through the Apportionment A distribution formula

Takes effect 60 days after passage