The bill introduces an amendment to Chapter 31-3 of the General Laws by adding a new section 31-3-33.1, which allows for the renewal of registration for vehicles leased for a period of 36 months and registered in two-year cycles to be renewed for an additional year to match the lease term. The registration fees will be adjusted to reflect this change. Furthermore, the bill amends Section 31-6-1 to update the registration and miscellaneous fees for vehicles based on their gross weight, with fees ranging from $30.00 to $972.00, depending on the vehicle's weight. It also specifies fees for different vehicle types, including semi-trailers, motorcycles, and vehicles adapted for people with disabilities, among others. There are no deletions indicated in the bill from the current law.

The bill also establishes a credit system for registrants who cancel their vehicle registration within the registration period, allowing them to apply the unused portion of the registration fee to future fees. Additionally, it authorizes the division of motor vehicles to issue one-year renewal registrations for vehicles leased for thirty-six months when registered in two-year cycles. The bill includes fees for various permits and number plates, including the replacement of plates, trip permits, and hunter’s permits. It also provides for the waiver of the fee for new license plates with the 2022 approved design for vehicles with existing registrations. The act will take effect upon passage.

Statutes affected:
7492  SUB A: 31-6-1
7492: 31-6-1