This bill amends current law regarding the expiration of inactive Class C alcoholic beverage licenses, which typically must expire after being 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 received 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 specifies that inactive licenses must be actively used, transferred for fair market value, or moved between municipalities before expiration. The bill also requires a nonreturnable filing fee for any requests for relief under this section. Overall, the intent is to provide flexibility for licenses associated with significant redevelopment efforts, recognizing the complexities involved in such projects.

Statutes affected:
Introduced: 33:1-12.39