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 by jurisdiction.

The bill also introduces provisions for rental companies with trucks registered for 26,000 pounds or less, allowing them to allocate or register their vehicles based on mileage operated in member jurisdictions. 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. While the bill does not provide funding or authorize new positions, it is expected to increase state registration revenue to the highway fund starting in FY 2026, with potential impacts on local revenue as well.