26 Lavender Lane
Ranchos de Taos, NM 87557
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Proposes increase to registration fees for trucks and tractors, determined by weight, and registration fee for electric and plug-in hybrid electric vehicles.
Increases registration fees for passenger vehicles, trucks, tractors, and buses. The registration fee is increased for each weight class of vehicle, with additional revenue split between the state road fund and county and municipal funds in proportion to their current revenue distributions. The bill spreads the increase over three years. When fully phased in registration fees will be about 25 percent higher than the current level.
Includes a new additional registration fee for purely electric vehicles and plug-in hybrid electric vehicles. The fee for purely electric vehicles is set at $60 for FY24 and FY25 and $120 for FY26 and subsequent years. The fee for plug-in hybrid vehicles is set at $30 in FY24 and FY25 and at $60 for FY26 and subsequent years. These additional fees are distributed in the same manner as vehicle registration fees generally.
01/30/2023 Introduced. Referred to Senate Committees on Tax, Business and Transportation, and Finance.
02/22/2023 Recommended for passage by the Senate Committee on Tax, Business and Transportation.
03/01/2023 Senate Committee on Finance recommends passage of committee substitute.
03/09/2023 Passed Senate.
03/10/2023 Referred to House Committee on Taxation and Revenue.
03/15/2023 Reported by House Committee on Taxation and Revenue with recommendation of amendment.
03/18/2023 Died upon adjournment.