Amends TCA Title 55, Chapter 4 and Title 55, Chapter 6.

Generally under present law, motor vehicle registrations are valid for a period of one year. However, during a transition period, or at any time thereafter when the commissioner of revenue determines that the volume of work for any given interval is unduly burdensome or costly, either registrations or renewals, or both of them, may be issued for terms of not less than six nor more than 18 months. This bill authorizes an owner or lessee of a vehicle who has been issued, or is entitled to be issued, a registration, to elect for the issuance of a registration that is valid for 24 months, and expires on the last day of the last month of the registration period. Beginning January 1, 2022, if requested pursuant to this bill, the commissioner may establish a system of registration renewals at alternate intervals that allow for the distribution of the registration workload as uniformly as is practicable throughout the registration period. This bill requires the department of revenue to set 24-month registration fees in an amount that offsets revenue that would otherwise be generated by 12-month registration fees in effect prior to January 1, 2022. This bill will apply to plates issued or renewed on or after January 1, 2022.