summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill provides for the refund of a portion of the registration fee of a motor vehicle if it is sold or transferred to a new owner or destroyed prior to the expiration of the registration. Current law permits owners to transfer portions of unexpired registrations to other motor vehicles, but does not provide for any refund of registration fees. Under the provisions of the bill, the owners of passenger automobiles and noncommercial trucks would be entitled to a percentage refund of the registration fee paid for those vehicles if they are sold or destroyed before the expiration of their registration terms. The percentage refund is to be calculated on a yearly basis. The bill specifies that no owner will be entitled to a refund of any portion of an unexpired registration of less than one year.
AI Summary
This bill provides for the refund of a portion of the registration fee for passenger automobiles and noncommercial trucks if the vehicle is sold or destroyed before the expiration of the registration term. Under the current law, owners can transfer unexpired registrations to other vehicles, but there is no provision for refunding registration fees. The bill specifies that the refund percentage will be calculated on an annual basis, and no owner will be entitled to a refund for an unexpired registration of less than one year.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Introduced, Referred to Assembly Transportation and Independent Authorities Committee (on 01/14/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/A1000/507_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A1000/507_I1.PDF |
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