Summary:

 Summary: HB23:  Relates to motor vehicles by creating the “Iron Horse” registration plate for motorcycles owned as collector’s items that are at least thirty-five years old. Also establishing requirements and providing penalties and making an appropriation. 

Legislation Overview:

 Analysis: HB23  :A motorcycle at least thirty-five years old owned as a collector's item and used solely for exhibition and educational purposes is an "iron horse".  On application to the Division, the owner of an iron horse may receive a certificate of title and permanent registration upon payment of a fee of seven dollars ($7.00) and submission of witnessed bill of sale or affidavit providing that the motorcycle or its parts were assembled thirty-five years ago.
The Motor Vehicle Division shall issue one five-year registration plate with registration numbers and the words "Iron Horse", "Land of Enchantment" and "New Mexico".  The plate, bearing no date, shall be attached to the rear of the vehicle.
Upon approval of the application, the Division shall issue one five-year registration plate with registration numbers and the words "Iron Horse", "Land of Enchantment" and "New Mexico".  The plate, bearing no date, shall be attached to the rear of the vehicle.
Upon transfer of ownership of an iron horse, the new owner shall apply to the Division for a transfer of title as provided in and subject to the penalties in statute. 
Beginning on July 1, 2029, each iron horse registration plate shall be revalidated upon application approved by the Division, accompanied by a fee of five dollars ($5.00).  Upon loss of the original registration plate, a duplicate plate may be obtained by the owner upon payment of seven dollars ($7.00).
Fees collected shall be retained by the Department.
As used in the Motor Vehicle Code and the Boat Act, "penalty assessment misdemeanor" means violation of any of an extensive list of violations and their stated financial penalties included in this legislation.
The term "penalty assessment misdemeanor" does not include a violation that has caused or contributed to the cause of an accident resulting in injury or death to a person.  
When an alleged violator of a penalty assessment misdemeanor elects to accept a notice to appear in lieu of a notice of penalty assessment, a fine imposed upon later conviction shall not exceed the penalty assessment established for the particular penalty assessment misdemeanor and probation imposed upon a suspended or deferred sentence and shall not exceed ninety days. 
Penalties double for certain violations related to speeding. 
The effective date of the provisions of this Act is July 1, 2025.