(1) The department may establish by rule a periodic vehicle registration program whereby certain vehicles shall be registered at: (a) Subject to the provisions of subsection (3) of this section, twelve-month intervals beginning on the month following the month of application for registration, in which case the registration of these vehicles expires on the last day of the month of each twelve-month registration period; (b) Five-year intervals upon payment of a five-year registration fee and any five-year specific ownership tax that may be due. An owner of any of the following motor vehicles may elect a five-year registration pursuant to this paragraph (b), which registration shall expire on the last day of the last month of each five-year registration period: (I) A utility trailer; or (II) Special mobile machinery. (2) (a) Except for motor vehicles of model year 1981 or older and except for motorcycles of any model year, the department may register motor vehicles at two-year intervals upon payment of a two-year registration fee and a two-year specific ownership tax. The owner of a motor vehicle that is eligible as determined by the department for two-year registration may elect a two-year registration pursuant to this subsection (2), which registration shall expire on the last day of the last month of each two-year registration period. (b) This subsection (2) shall not apply to class A property that is registered through the international registration plan. Such vehicles shall continue to be registered every twelve months. (3) (a) The department may register vehicles at intervals of less than one year upon payment of the appropriate registration fees, surcharges, and specific ownership tax in order to allow the owner of more than one vehicle to provide for the owner's vehicle registrations to expire simultaneously. The owner of a vehicle that is eligible as determined by the authorized agent may elect a registration pursuant to this subsection (3). The department may adopt rules as necessary for the administration of this subsection (3). (b) This subsection (3) shall not apply to class A property that is registered through the international registration plan. Such vehicles shall continue to be registered every twelve months. (4) (a) (I) In lieu of registering under subsections (1) to (3) of this section, an applicant may register a commercial trailer or semitrailer under this paragraph (a) if: (A) The trailer or semitrailer qualifies as Class A personal property; (B) The owner is based outside Colorado in accordance with the international registration plan; and (C) The owner complies with this section and sections 42-3-107 (28) and 42-3-313. (II) A trailer or semitrailer registration issued under this subsection (4) does not expire except when the vehicle changes ownership in accordance with this article. The registration expires upon the sale or transfer of the trailer or semitrailer. (III) The department shall issue a license plate to a trailer or semitrailer registered under this paragraph (a), but a validating sticker or tab is not issued nor required for the license plate. (b) (I) In lieu of registering under subsections (1) to (3) of this section, an applicant may register a commercial trailer or semitrailer under this paragraph (b) if: (A) The trailer or semitrailer qualifies as Class A personal property; (B) The owner is based in Colorado in accordance with the international registration plan; (C) The trailer or semitrailer is in at least its tenth year of service; and (D) The owner complies with this section and sections 42-3-107 (28) and 42-3-313. (II) A trailer or semitrailer registration issued under this paragraph (b) does not expire except when the vehicle changes ownership in accordance with this article. The registration expires upon the sale or transfer of the trailer or semitrailer. (III) The department shall issue a license plate to a trailer or semitrailer registered under this paragraph (b), but a validating sticker or tab is not issued nor required for the license plate. (c) Upon the sale or transfer of ownership of a trailer or semitrailer registered under this section, the owner shall notify the department of the sale or transfer. Upon registering a trailer or semitrailer under this section, the department shall notify the owner of this provision. The department shall also notify the public of the requirements of this section on its web page. (d) Notwithstanding any other provision of this article or article 6 of this title, a person may register a trailer or semitrailer under this subsection (4) with a valid certificate of title from another jurisdiction of the United States without filing for a certificate of title in Colorado. (e) The department shall issue a report to the transportation legislation review committee created in section 43-2-145, C.R.S., by July 1, 2014, detailing the number of trailers and semitrailers registered under paragraphs (a) and (b) of this subsection (4) and making recommendations as to the cost-effectiveness of the permanent registration.
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