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.