Bill > S2160

This bill allows holders of a seasonal retail consumption alcoholic beverage license, which is valid only during specific periods of the year, to exchange it for a full-year plenary retail consumption license, permitting them to sell alcoholic beverages throughout the entire year. This exchange must be requested within 24 months of the bill's effective date, and the issuing authority must approve it. The fee for this conversion is calculated based on a percentage of the average sales price of plenary retail consumption licenses in the municipality, with specific provisions for municipalities where fewer than three such licenses have been sold or where the sales price is not easily determined, setting a maximum fee of $350,000 in those cases. Additionally, the converted license holder will be subject to the same operating hours and days as other plenary retail consumption license holders in their municipality and must pay the standard annual fee for that type of license.

Budget and Finance, Government Affairs, Justice

https://www.njleg.state.nj.us/bill-search/2024/S2160