Allows certain redevelopers to be exempt from inactive alcoholic beverage licenses restriction.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill proposes an exemption for certain redevelopers from a restriction on inactive alcoholic beverage licenses in New Jersey. Specifically, it allows Class C licenses held by developers, redevelopers, tenants of those entities, or used in redevelopment areas (meeting specific size and approval requirements) to remain inactive for a longer period without expiration. The bill also includes provisions for extending the inactive license period in cases of eminent domain, fire, or other casualty, and outlines a process for transferring inactive licenses to ensure fair market value is obtained.
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