HB 273-VEHICLES: TRANSFER ON DEATH TITLE  8:04:56 AM CHAIR LYNN announced that the first order of business would be HOUSE BILL NO. 273, "An Act relating to the transfer of the title to a vehicle, including certain manufactured homes and trailers, on the death of the owner; and providing for an effective date." 8:05:08 AM REPRESENTATIVE KELLER moved to adopt the proposed committee substitute (CS) for HB 273, Version 29-LS0322\I, Bannister, 3/10/16, as a work draft. There being no objection, Version I was before the committee. 8:05:29 AM DENEEN TUCK, Staff, Representative Bob Lynn, Alaska State Legislature, presented HB 273 on behalf of the House State Affairs Standing Committee, on which Representative Lynn serves as chair. She stated that the Version I has conforming language pursuant to Alaska's Uniform Rules relating to real property transfer on death, under AS 13.48.010. She added that the language in the proposed legislation was changed to be consistent with all Alaska transfer on death statutes, as a result of discussions with Beth Chapman, a probate attorney. Ms. Tuck listed the changes as follows: the title was changed to reflect the language of the statute; a new Section 2 was added; the old Section 2 was renamed Section 3; page 3, line 25 through page 4, line 10, reflects the new conforming language consistent with transfer on death statutes; and lines 5-7 on page 4 of the original bill version, previously under subsection (l), are now lines 29-31 on page 4 of Version I, under subsection (o). REPRESENTATIVE KELLER advised that Terry Bannister from Legislative Legal and Research Services, and Nicole Tham from the Division of Motor Vehicles (DMV), are on line for questions. 8:08:40 AM MS. TUCK explained that the proposed legislation would carry forth the concept of transfer on death by enabling Alaskans to plan their estates without the time, difficulty, and expense of a probate. She indicated that HB 273 would add the transfer of a vehicle to the other transfer on death provisions in Title XIII - namely, the transfer of bank accounts, brokerage accounts, and real estate. Ms. Tuck asserted that the transfer on death deed (TODD) process is simple and has been successful. She also mentioned that Ms. Chapman assisted with clarifying language in the current bill to address litigation concerns. She went on to say that there were 35 states with similar legislation. Ms. Tuck added that the proposed legislation was drafted through the work of Representative Gruenberg and the DMV. She stated that watercraft and snow machines would not be included under the proposed legislation, but motorcycles would be included. 8:13:06 AM CHAIR LYNN, after ascertaining that no one else wished to testify, closed public testimony on HB 273. 8:13:37 AM REPRESENTATIVE KELLER moved to report CSHB 273, Version 29- LS0322\I, Bannister, 3/10/16, out of committee with individual recommendations and the accompanying fiscal notes. There being no objection, CSHB 273(STA) was reported out of the House State Affairs Standing Committee.