HB 701-FN - AS INTRODUCED
2003 SESSION
03/01
HOUSE BILL 701-FN
This bill subjects low-digit number plates to the special fee for vanity number plates.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03-0924
03/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Three
AN ACT relative to fees for low-digit number plates.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Low-Digit Number Plates. Amend RSA 261 by inserting after section 89-c the following new section:
261:89-d Low-Digit Number Plates. A low-digit number plate shall only be issued upon payment of the special fee for a vanity number plate established in RSA 261:89. In this section, "low-digit number plate" means any plate numbered from 1 to 9,999.
2 Effective Date. This act shall take effect 60 days after its passage.
LBAO
03-0924
Revised 3/5/03
HB 701 FISCAL NOTE
AN ACT relative to fees for low-digit number plates.
FISCAL IMPACT:
The Department of Safety determined this bill will increase state highway fund revenue by $250,000 in FY 2004 and each year thereafter. State highway fund expenditures will increase by $34,500 in FY 2004 and by $30,000 in FY 2005 and each year thereafter. Local revenue will increase by $30,000 in FY 2005 and each year thereafter. There will be no fiscal impact on county and local expenditures or county revenues.
METHODOLOGY:
The Department stated this bill intends to classify low-digit number plates (1-9999) as vanity plates subject to an additional $25 fee. This would increase highway fund revenue by 10,000 plates times $25 for a total of $250,000, and it would increase local highway aid by 12% of the $250,000, or $30,000. Additionally the Department estimates a reprogramming cost of $4,500 in FY 2004. The Department assumes that 60 days after passage will be July 1, 2003.