This bill amends existing New Jersey law to clarify that certain nonprofit corporations eligible for plenary retail consumption licenses for theaters also include disregarded entities, specifically single-member limited liability corporations that are disregarded for federal income tax purposes. The bill specifies that these licenses can be issued to nonprofit corporations exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code, which regularly operate as art-house movie theaters or conduct musical or theatrical performances for which admission is charged.

The amendments include provisions that define the licensed premises and the conditions under which alcoholic beverages may be sold. For instance, the bill states that the license shall authorize sales during specific times surrounding performances and clarifies the definition of "licensed premises" to include adjacent properties owned by the licensee. Additionally, the bill ensures that licenses issued under these provisions will not count towards the total number of licenses regulated under existing laws. The act is set to take effect immediately upon passage.

Statutes affected:
Introduced: 33:1-19.7, 33:1-19.8