The proposed bill establishes a new registration plate called the "Iron Horse" for motorcycles that are at least thirty-five years old and owned as collector's items. Owners can apply for a certificate of title and permanent registration by paying a fee of $7 and providing either a witnessed bill of sale or an affidavit confirming the motorcycle was assembled from parts of older motorcycles. Upon approval, the owner will receive a five-year registration plate featuring the words "Iron Horse," "Land of Enchantment," and "New Mexico." The bill also outlines the process for transferring ownership, revalidating the registration plate every five years for a fee of $5, and obtaining a duplicate plate if lost.

Additionally, the bill amends existing law to include violations related to the Iron Horse registration under the category of penalty assessment misdemeanors, with a specified penalty of $25 for such violations. Fees collected from the Iron Horse registration will be appropriated to the department responsible for issuing the plates. The provisions of this act are set to take effect on July 1, 2025.

Statutes affected:
introduced version: 66-8-116