This bill introduces a new section to RSA 261, establishing a permanent registration option for vehicles that are 11 years old or older. Owners can obtain this permanent registration by paying a $50 fee, along with three times the standard registration fees and any applicable municipal or electric vehicle fees. The permanent registration will not expire as long as the owner retains ownership of the vehicle. However, it is important to note that this registration cannot be transferred to a new owner; if ownership changes, the permanent registration will be canceled, and the new owner must apply for a new title and registration.

Additionally, the bill allows both residents and non-residents, including various entities, to apply for permanent registration, provided that non-residents are clearly marked as such on their registration certificate. The bill specifies that this registration will not establish residency or domicile in the state. The effective date for this legislation is set for January 1, 2027. The fiscal impact is expected to result in an indeterminable decrease in revenue for both the state and local governments, as the option for permanent registration may lead to fewer annual renewals and associated fees.