HB 18-1042

House Bill 18-1042, known as the Private Interstate Commercial Vehicle Registration bill, allows private companies to register commercial vehicles that travel between states. This program aims to make registration more efficient and cost-effective for the state by reducing costs through better services or faster processing times. The Department of Revenue will oversee these private providers, ensuring they follow all state laws regarding taxes and fees. The bill has been signed into law, meaning private companies can now apply to be approved as vehicle registrars under this new system.

Official Summary

Transportation Legislation Review Committee. The bill creates the expedited registration program (program). The program authorizes the department of revenue (department) to promulgate rules authorizing private providers to register interstate commercial vehicles. The provider may collect and retain a convenience fee. The bill requires the program to: Operate efficiently; Result in overall cost savings to the state by providing additional services or by increasing the speed or quality of service; and Register commercial vehicles and collect taxes and fees in compliance with state law. To qualify, a private provider must: Be approved by the department; Use appropriate software approved by the department; and Submit evidence of financial responsibility. The department may deny, suspend, or revoke the authority to be a provider if the provider violates the law, makes a material misstatement in an application, or fails to perform. To implement the bill, annual general appropriation to the department for driver services is decreased by $30,747, $25,471 is appropriated to the department from the licensing services cash fund, and $26,141 is appropriated to the department from the Colorado DRIVES vehicle services account. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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