New Jersey 2022-2023 Regular Session

New Jersey Assembly Bill A2913

Introduced
2/28/22  

Caption

Requires MVC to refund certain motor vehicle registration fees.

Impact

If enacted, A2913 would significantly alter how the New Jersey Motor Vehicle Commission (MVC) handles motor vehicle registration fees. Owners of passenger automobiles and noncommercial trucks would benefit from a percentage refund on their registration fees based on the unexpired term of their registration. This provision could incentivize vehicle owners to sell or transfer vehicles before their registration expires without the fear of losing money on unused registration time, thereby promoting more flexibility in vehicle ownership.

Summary

Assembly Bill A2913 aims to amend the existing regulations around motor vehicle registration fees in New Jersey. The primary focus of the bill is to allow a refund of a portion of motor vehicle registration fees if the vehicle is sold, transferred to a new owner, or destroyed before the expiration of its registration term. This legislation addresses a gap in current law, which permits the transfer of unexpired registrations but does not provide any mechanism for fee refunds, which would now offer financial relief to vehicle owners in specific situations.

Conclusion

Overall, A2913 represents a significant step towards consumer-friendly legislation regarding vehicle registration in New Jersey. It aims not only to ease the financial burden on owners who sell or discard vehicles prematurely but also to modernize and improve the regulatory aspects concerning vehicle registrations. If passed, the bill will take effect four months post-enactment, allowing the MVC time to implement necessary changes.

Contention

However, the bill may evoke some discussion among stakeholders about its financial implications for the state and the MVC. Opponents might argue that providing refunds could strain MVC's financial resources and complicate the administrative processes involved in registration. Supporters, on the other hand, would likely emphasize the equity of allowing refunds for fees not fully utilized, which aligns with consumer interest and fairness in taxation of vehicle ownership.

Companion Bills

No companion bills found.

Previously Filed As

NJ A2677

Requires MVC to refund certain motor vehicle registration fees.

NJ A2912

Eliminates certain motor vehicle registration renewal.

NJ A2676

Eliminates certain motor vehicle registration renewal.

NJ A4235

Establishes motor vehicle registration for street rods and custom motor vehicles.

NJ A107

Establishes motor vehicle registration for street rods and custom motor vehicles.

NJ HB1189

Motor Vehicle Registration Reform & Fees

NJ S1836

Establishes motor vehicle registration for street rods and custom motor vehicles.

NJ SB327

Revise motor vehicle registration fees

NJ S359

Requires notice of motor vehicle safety recalls upon registration of motor vehicle; requires motor vehicle manufacturers to pay fee to MVC in certain circumstances.

NJ SF3539

Traffic regulations related to motor vehicle equipment requirements modification; motor vehicle registration sticker requirements modifications

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