This bill amends current law regarding the expiration of inactive Class C alcoholic beverage licenses, which typically must expire after remaining inactive for two consecutive two-year license terms. The bill introduces an exemption for licenses held by developers, redevelopers, or their affiliates, as well as tenants of these entities, if the license is intended for use in a redevelopment, improvement, or revitalization area that is at least 250,000 square feet and has secured municipal site plan approvals. This exemption aims to accommodate the varying timelines associated with such projects.

Additionally, the bill outlines procedures for the transfer of inactive licenses and establishes a schedule for transferring licenses based on the length of inactivity. It also allows for an automatic extension of the inactivity period for licensees who have been deprived of their licensed premises due to circumstances like eminent domain or fire, provided they demonstrate a good faith effort to resume active use. A nonreturnable filing fee of $100 is required for any requests for relief under this section. The bill is intended to facilitate the use of licenses in areas undergoing significant redevelopment, thereby supporting local economic growth.

Statutes affected:
Introduced: 33:1-12.39