Bill > A5127

This bill allows municipalities to transfer inactive alcoholic beverage retail licenses for use in certain redevelopment and revitalization areas. It establishes a procedure for transferring these inactive retail licenses, including defining key terms like "sending municipality," "inactive license," "receiving municipality," and "redevelopment, improvement, or revitalization area." The bill also amends existing law to require inactive licenses to be actively used, transferred to another person, or transferred to a receiving municipality within a certain timeframe, and provides a schedule for when different quartiles of inactive licenses must be addressed. The bill aims to facilitate the reactivation and repurposing of these inactive licenses to support economic development in designated areas.

Government Affairs

https://www.njleg.state.nj.us/bill-search/2022/A5127