Providing for the payment by the Motor Vehicle Administration of a rebate of a portion of the excise tax paid on a 1994 or newer vehicle upon proof that the person claiming the rebate has transferred a 1980 or older vehicle to an automotive dismantler and recycler or scrap processor to be scrapped, dismantled, or destroyed; providing that the rebate shall equal the lesser of the amount of tax paid or $300; prohibiting a person receiving a rebate from claiming another rebate under specified circumstances; etc.