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 year-round, 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 license. The converted licensee will have the same privileges as other plenary retail consumption license holders in their municipality.

The fee for converting a seasonal license to a plenary license will be determined based on the average sales price of plenary licenses in the municipality over the two years preceding the bill's effective date, with a maximum conversion fee set at $250,000. Additionally, the licensee will be required to pay the annual fee associated with holding a plenary retail consumption license. The bill does not create new licenses but allows existing seasonal license holders to expand their selling period, maintaining the existing population-based restrictions on the total number of consumption licenses a municipality can issue.