Relates to the registration of motor vehicles; and makes conforming changes

This bill eliminates the requirement for most vehicle owners to renew their registration annually. It changes the registration system so that most private vehicles (under 18,000 pounds gross weight) will remain valid until the vehicle's title is transferred to a new owner, rather than expiring on a set date. Taxis, omnibuses, and vehicles under specific registration programs remain subject to existing renewal rules. The change applies to standard passenger vehicles and aligns with current registration practices for new model year vehicles.