summary
Introduced
02/28/2022
02/28/2022
In Committee
02/28/2022
02/28/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 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. Currently, owners can transfer unused portions of registration to other vehicles, but there is no provision for a refund. Under this bill, owners would be entitled to a percentage refund of the registration fee, calculated on an annual basis. However, no refund would be provided for unexpired registrations of less than one year. The bill also makes some minor changes to the administrative procedures for transferring vehicle registrations.
Committee Categories
Transportation and Infrastructure
Sponsors (1)
Last Action
Introduced, Referred to Assembly Transportation and Independent Authorities Committee (on 02/28/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A2913 |
BillText | https://www.njleg.state.nj.us/Bills/2022/A3000/2913_I1.HTM |
Bill | https://www.njleg.state.nj.us/Bills/2022/A3000/2913_I1.PDF |
Loading...