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Bill > S3474


NJ S3474

NJ S3474
Allows municipalities to transfer inactive alcoholic beverage retail licenses for use in certain redevelopment and revitalization areas; establishes procedure to transfer inactive retail licenses.


summary

Introduced
01/12/2023
In Committee
01/12/2023
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Allows municipalities to transfer inactive alcoholic beverage retail licenses for use in certain redevelopment and revitalization areas; establishes procedure to transfer inactive retail licenses.

AI Summary

This bill allows municipalities to transfer inactive alcoholic beverage retail licenses for use in certain redevelopment and revitalization areas, and establishes a procedure to do so. It defines key terms like "sending municipality," "inactive license," and "receiving municipality," and outlines the process for transferring these licenses, including public sale requirements, time limits for active use, and restrictions on the number of licenses a receiving municipality can acquire per year. The bill also amends existing law to require inactive licenses to be transferred, actively used, or sold within a set timeline. Overall, the bill aims to facilitate the use of inactive liquor licenses in targeted areas for economic development and revitalization.

Committee Categories

Justice

Sponsors (4)

Last Action

Introduced in the Senate, Referred to Senate Law and Public Safety Committee (on 01/12/2023)

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