This bill amends RSA 260 by adding a new section, 260:73-a, which allows rental companies to select New Hampshire as the base jurisdiction for registering their rental fleets under the International Registration Plan (IRP). The bill stipulates that if the lease term for vehicles exceeds 60 days, the leasing rental customer must have an established place of business in New Hampshire and the fleet must accrue distance within the state. Additionally, it outlines the process for determining the number of vehicles to be registered in New Hampshire based on the company's revenue and mandates that an annual report be filed with the IRP administrator detailing revenue and vehicle registrations.

The bill also provides options for rental companies regarding the registration of their vehicles, including the ability to register all vehicles in a single fleet or maintain separate fleets with individual distance reports. It is important to note that the bill does not allocate funding for the additional personnel required to manage the increased workload resulting from this legislation, which is estimated to cost the Department of Safety approximately $138,000 in FY 2026, with incremental increases in subsequent years. The bill is set to take effect on July 1, 2025, and is expected to generate indeterminable increases in state registration revenue and local revenue starting in FY 2026.