(a) As used in this section, "personal-use vehicle" means:

(1) A pleasure vehicle, including a motor home, registered under § 27-14-601(a)(1);

(2) A Class One truck or van registered under § 27-14-601(a)(3)(A);

(3) A motorcycle registered under § 27-14-601(a)(4); or

(4) An autocycle registered under § 27-20-304.

(b) The Office of Motor Vehicle shall offer a multiyear personal-use vehicle registration as provided under this section.

(c) The owner of a personal-use vehicle, who has owned the personal-use vehicle for a twelve-month renewal period following initial registration by the owner, may request a multiyear personal-use vehicle registration for a period of two (2) or three (3) years by providing the following information to the office with the application:

(1) All information necessary for the registration and licensing of the personal-use vehicle under law to include:

(A) Proof of current insurance coverage on the personal-use vehicle to be registered as required under § 27-13-102;

(B) Proof of payment of personal property taxes; and

(C) Proof of listing the personal-use vehicle for assessment;

(2) Proof that property taxes on the personal-use vehicle to be registered have been timely paid by the applicant; and

(3) Payment of the fees for registration and licensing for:

(A) Two (2) years, if the registration is for a period of two (2) years; and

(B) Three (3) years, if the registration is for a period of three (3) years.

(d) The office may promulgate rules for the administration of this section.