Bill
Bill > S1904
summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
2010-2011 Regular Session
Bill Summary
Currently, the law prohibits any person or corporate entity from holding more than two retail licenses to sell alcoholic beverages. This bill increases the number of plenary retail distribution licenses that a person may acquire when the license or licenses are used in connection with the operation of a retail food store, or in connection with the operation of a liquor store when the licensee certifies that at least 90 percent of the stores annual sales are alcoholic beverages. While the bill increases the number of retail licenses that one person may acquire, the total number of licenses held by one person is still restricted and gradually increases over time. Immediately following the effective date of the bill, a person may own or have an interest in a maximum of five retail licenses, including any retail license acquired prior to the bills effective date. Five years following the effective date of the bill, a person may hold no more than a total of seven retail licenses. Finally, 10 years following the bills effective date, a person may hold no more than a total of 10 retail licenses. Individuals who acquire more than two licenses under the provisions of the bill are required to pay a license transfer fee on each additional license that they acquire. The transfer fee is set at 10 percent of the amount the entity paid for the license and is payable to the municipality in which the licensed premises is situated. It is important to note that this bill does not increase the number of licenses that a municipality may issue.
AI Summary
This bill modifies existing laws to allow individuals or companies to hold more than the current limit of two plenary retail distribution licenses, which are licenses to sell alcoholic beverages for off-premises consumption in original containers. Specifically, this change applies to licenses used in connection with a retail food store where at least 65% of annual sales are groceries and other foodstuffs, or to liquor stores where at least 90% of annual sales are alcoholic beverages. The bill gradually increases the maximum number of licenses one entity can hold over time: immediately after the bill takes effect, the limit is five licenses; five years later, it increases to seven; and ten years later, it rises to ten. For each additional license acquired beyond the initial two, a license transfer fee of 10% of the purchase price will be paid to the municipality where the store is located. Importantly, this bill does not authorize municipalities to issue more licenses than they currently are permitted to.
Committee Categories
Justice
Sponsors (3)
Last Action
Transferred to Senate Economic Growth Committee (on 12/06/2010)
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| Bill | https://www.njleg.state.nj.us/2010/Bills/S2000/1904_I1.HTM | 05/28/2012 |
| Legislative Fiscal Estimate | https://www.njleg.state.nj.us/2010/Bills/S2000/1904_E1.HTM | 04/23/2012 |
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