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Who cares
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Sponsors
2 Co-sponsors
History
- Referred to transportation
- Referred to transportation
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4351
Title of bill
An act to amend the vehicle and traffic law, in relation to permitting a three year registration period for motor vehicles leased for such three year period
Purpose
This legislation would authorize the commissioner of motor vehicles to promulgate regulations allowing 3 year motor vehicle registration.
Summary of provisions
Amends subdivision 5 of section 401 of the vehicle and traffic law, by adding a new subparagraph d, to establish a three year motor vehicle registration period for motor vehicles that are leased for a three year period.
Justification
This legislation would allow the owners of vehicles leased for a three year period to apply for a three year registration by demonstrating their lease to the Department of Motor Vehicles.
Currently, the New York State Department of Motor Vehicles does not permit an individual to obtain a three year registration for vehicles that are leased for that length of time. Rather, persons are limited to two year registrations.
In one particular instance, in the Senator's district, an individual, who attained a three year lease on a vehicle, was restricted to purchasing two separate 2 year registrations, amounting to a four year registration period to cover his three year lease.
Therefore, one year of vehicle registration was lost. The Department of Motor Vehicles does not allow prorated refunds because it negatively impacts local vehicle tax collections along with Dedicated Highway and Bridge Trust Fund and the Mass Transit Funds.
Thus, this bill is necessary to insure that owners of vehicles leased for three years are accommodated and given the chance to obtain a three year motor vehicle registration without detrimentally impacting certain streams of revenue for the Department of Motor Vehicles.
Legislative history
New Bill.
Fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.