Requires MVC to refund certain motor vehicle registration fees.

This bill requires the New Jersey Motor Vehicle Commission (MVC) to refund a portion of registration fees for passenger cars and noncommercial trucks when vehicles are sold, transferred, or destroyed before registration expires. The refund amount is calculated based on the unexpired time, on an annual basis, but only if at least one full year remains on the registration. Owners with less than one year remaining on their registration would not qualify for a refund. The bill does not change existing rules allowing transfers of unexpired registration to other vehicles.