Requires MVC to refund certain motor vehicle registration fees.

This bill requires New Jersey's Motor Vehicle Commission (MVC) to refund a portion of registration fees for passenger cars and noncommercial trucks when owners sell, destroy, or transfer the vehicle before the registration expires. The refund amount equals the percentage of the unexpired registration term (calculated annually), but no refunds are available for registrations with less than one year remaining. It also maintains existing provisions for transferring unexpired registration to another vehicle ($4.50 fee) and for family transfers or joint registrations. The bill directly affects vehicle owners who sell or lose their vehicles before their registration period ends.