Bill > A4860

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. This conversion process requires surrendering the seasonal license to the issuing authority, which will then convert it to a plenary license, permitting the sale of alcoholic beverages year-round under the same conditions as other plenary retail consumption license holders in the municipality. The fee for this conversion is calculated based on the average sales price of plenary retail consumption licenses in the municipality over the preceding two years, with specific provisions for municipalities where few or no such licenses have been sold, and a cap of $350,000. Additionally, the holder must pay the annual fee for a plenary retail consumption license. The bill also makes minor technical changes to existing law regarding percentage calculations for license fees and clarifies the process for converting a seasonal license to a plenary license. This act will take effect on the first day of the fourth month following its enactment.

Government Affairs

https://www.njleg.state.nj.us/bill-search/2024/A4860