Yup, a bigger issue for old cars trying to pass emissions is that with prices of precious metals, a worn out catalytic converter (diagnostic code P0420 ) means that most of them are mechanically totaled in California, New York, Colorado since they require either OEM or CARB approved replacements.
Yeah, if it's worth more than 4k registered, it'll either be fixed or shipped. California gives you $1200 to junk it, people will come pick it up for $1500 and a lot of times you'll see it pop back up in state because they illegally resuscitated it with a defouler, a used/EPA cat and put it back into circulation.