HB 23-1022

House Bill 23-1022, which has been signed into law and will take effect on January 1, 2024, allows rental car companies in Colorado to transfer license plates between vehicles within their fleet without having to get new ones. This means that when a rental company sells or transfers one of its cars, it can move the existing license plate to another vehicle instead of letting the old plate expire and getting a new one. The bill also sets aside $2,700 from a state fund to cover any costs related to implementing this change. This law will mainly affect car rental businesses in Colorado.

Official Summary

A license plate expires when the owner transfers or assigns the title or interest in the associated motor vehicle and that the owner cannot transfer such a license plate to another motor vehicle. The act exempts license plates issued to the operator of a motor vehicle fleet (fleet operator) that are easily legible and in good condition from such expiration and allows a fleet operator to transfer license plates from one fleet vehicle to another when the fleet operator transfers or assigns the owner's title or interest in the fleet vehicle from which the number plates are being transferred. For state fiscal year 2023-24, the act appropriates $2,700 from the Colorado DRIVES vehicle services account in the highway users tax fund to the department of revenue. APPROVED by Governor April 24, 2023 EFFECTIVE January 1, 2024 NOTE: This act was passed without a safety clause. (Note: This summary applies to this bill as enacted.)

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