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S 4614

Relates to directing any moneys derived from new or increased taxes to reduce local real property taxes

2025 Regular Session Introduced by Alexis Weik

Creates an MVC license type M for motor vehicle franchisors to sell, lease, title, register, and use vehicles for employees and promos (max 50); no public retail sales.

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
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Bill Summary · S 4614

Summary — S-4614 (2025)

Status: Introduced June 19, 2025; reported favorably with committee amendments by the Senate Budget & Appropriations Committee (6/26/2025); substituted by A5854 (1R) (6/30/2025). Primary sponsor: Sen. Alexis Weik. Referred to multiple committees during consideration (Transportation; Budget & Appropriations); earlier docket entries show referral to Investigations and Government Operations.

Purpose / Intent

Allow motor vehicle franchisors (manufacturers, assemblers, distributors, or importers meeting a minimum production/import threshold) to be licensed by the New Jersey Motor Vehicle Commission (MVC) to sell, lease, assign, title, register, lend, service, and maintain vehicles owned or controlled by the franchisor for use by employees and for limited promotional/testing/marketing/product-familiarity uses — without authorizing general retail sales to the public.

Key provisions

  • Creates a new MVC dealer license designation identified by the letter “M” for motor vehicle franchisors that operate a primary place of business in New Jersey and meet the definition in the bill.
  • Authorizes franchisors with an “M” license to:
    • Sell, lease, assign, title, register, lend for use and operation, service, and maintain vehicles owned or controlled by the franchisor to its employees (or employees of affiliates/subsidiaries).
    • Provide vehicles to individuals or entities for promotional, testing, marketing, or product familiarity purposes.
  • Limits promotional/testing/marketing/product-familiarity vehicles to an aggregate maximum of 50 per franchisor for eligibility to receive regular license plates; franchisors may also use manufacturer license plates.
  • Each sale or lease to an employee must be accompanied by proof of employment; that proof must be kept on file for four years.
  • The “M” license does not permit retail sales to the general public.
  • Exempts leasing dealers and franchisors not engaged in retail buying/selling in NJ from certain physical-dealership requirements (no requirement to maintain floor space for displaying/servicing vehicles or to have an exterior sign).
  • Amends statutory definitions: revises “new motor vehicle dealer” to be an authorized dealer of a motor vehicle franchisor (committee amendment removed prior references to agent/distributor).

Who is affected

  • Motor vehicle franchisors/manufacturers and their authorized dealers/affiliates.
  • Franchisor employees who may acquire franchisor-owned vehicles.
  • New Jersey Motor Vehicle Commission — administrative and IT responsibilities.
  • Indirect interest to licensed dealers and leasing businesses (statutory definitions and license categories amended).

Fiscal and administrative impact

  • MVC will incur indeterminate increased expenditures for: creating the new “M” license category, upgrading computer systems, building and maintaining a database to store franchisor employee proof-of-employment records, and ongoing administration/monitoring.
  • State revenue increase is indeterminate. Application fee: $200 for a new license; renewal required every two years for $200. The OLS cannot estimate total revenue because the number of franchisors seeking “M” licenses is unknown.

Legislative action highlights

  • Introduced in Senate (6/19/2025); referred to Senate Transportation Committee.
  • Transferred to Senate Budget & Appropriations Committee (6/23/2025).
  • Reported with committee amendments by Senate Budget & Appropriations (6/26/2025).
  • Substituted by companion Assembly bill A5854 (1R) (6/30/2025).
  • Related / companion measures: A5854, A4564; prior-session bills S4156, S5306, S5920.

Compiled from official sources — confirm details with the bill’s official record.

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