This bill allows rental companies to designate New Hampshire as the base jurisdiction for registering their rental fleets under the International Registration Plan (IRP). The new section, RSA 260:73-a, outlines the conditions under which a rental company can select New Hampshire as the base jurisdiction, including requirements for leasing rental customers to have an established place of business in the state and for the fleet to accrue distance within New Hampshire if the lease term exceeds 60 days. Additionally, the bill specifies how rental companies must allocate their vehicle registrations based on revenue earned in New Hampshire and mandates the filing of an annual report detailing revenue and vehicle registrations.

The bill also introduces provisions for rental companies with trucks registered for 26,000 pounds or less, allowing them to allocate vehicles based on mileage or register them as apportioned vehicles. Furthermore, it provides options for rental or leasing companies regarding how they can register their vehicles and report distance. The act is set to take effect on July 1, 2025, and while it does not provide funding for new positions, it is expected to increase state registration revenue and have an indeterminable impact on local revenue starting in FY 2027.