This bill amends R.S.33:1-12 to allow holders of seasonal retail consumption alcoholic beverage licenses to exchange their licenses for full-year plenary retail consumption licenses. This change enables these licensees to sell alcoholic beverages for consumption on their premises throughout the entire year, rather than being restricted to specific seasons. The bill stipulates that the conversion process requires the licensee to surrender their seasonal license to the issuing authority, which will then issue a plenary retail consumption license. The converted licensee will have the same privileges as other plenary license holders in their municipality.

Additionally, the bill outlines the fee structure for converting a seasonal license, which will be based on the average sales price of plenary retail consumption licenses in the municipality over the two years preceding the bill's effective date. If no such licenses have been sold during that time, the fee will be based on the average price of the last three sold. The maximum fee for conversion is capped at $250,000, and the licensee must also pay the annual fee associated with holding a plenary retail consumption license. Overall, this legislation does not create new licenses but allows existing seasonal license holders to operate year-round.