The 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, intended for exhibition and educational purposes. Owners can apply for a certificate of title and permanent registration by paying a fee of $7 and submitting either a witnessed bill of sale or an affidavit confirming the motorcycle's assembly from parts of older motorcycles. Upon approval, the owner will receive a five-year registration plate that includes 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 the existing penalty assessment misdemeanors to include violations related to the Iron Horse registration, with a specified penalty of $25 for such offenses. It also appropriates the fees collected from the Iron Horse registration 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