Allows certain motor vehicle franchisors to sell, lease, or assign vehicles to employees.

S 4614 allows motor vehicle franchisors (manufacturers/distributors) operating in New Jersey to sell, lease, or assign vehicles to their employees and for promotional, testing, marketing, or product familiarity purposes, with a limit of 50 vehicles total. The bill creates a special "M" license for franchisors to provide vehicles to employees, requiring proof of employment to be kept on file for four years, but does not authorize retail sales to the general public. Vehicles provided under this program are eligible for standard license plates, and franchisors using this program are not required to maintain a physical location for displaying or servicing vehicles. This legislation specifically targets franchisors who are not engaged in typical retail vehicle sales to the public.