This bill exempts honorably discharged veterans from paying the registration fee for passenger motor vehicles that are not used for hire and are owned by residents of New Jersey, either individually or jointly with a spouse. The Chief Administrator of the New Jersey Motor Vehicle Commission is tasked with determining the application process and the necessary documentation that veterans must provide to prove their eligibility for this exemption. Additionally, the Adjutant General of the Department of Military and Veterans Affairs will work with the chief administrator to notify eligible motorists about the availability of this registration fee exemption.

The bill defines an "honorably discharged veteran" as an individual who has served on active duty in the U.S. Armed Forces, a Reserve component, or the National Guard, and has received an honorable discharge, along with the appropriate documentation to verify this status. The act is set to take effect six months after its enactment, although administrative actions may be taken beforehand to ensure timely implementation.