Establishes "Electric Vehicle Battery Repurposing Fund" to support repurposing, remanufacturing, and recycling of electric vehicle batteries; dedicates amounts based on certain sales of electric vehicles.

This bill creates a dedicated "Electric Vehicle Battery Repurposing Fund" in New Jersey's General Fund, funded by $500 for every retail sale of an electric vehicle in the state during the prior fiscal year. The fund supports environmentally safe repurposing (using used batteries for stationary storage like home energy systems), remanufacturing (restoring batteries to original condition), and recycling of electric vehicle batteries. It directly affects electric vehicle owners through the sales-based funding mechanism and battery management companies implementing these processes. The bill requires the Division of Taxation to track EV sales to calculate annual fund contributions, with the fund's money exclusively used for these battery management activities.