Bill
Bill > A2591
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 New Jersey law regarding the number of alcoholic beverage retail licenses an individual or entity can hold, specifically for "plenary retail distribution licenses" which are for selling alcohol in original containers for off-premises consumption. Currently, a person or company is limited to holding a maximum of two such licenses. This bill allows for more licenses to be held if they are used in connection with a "retail food store" (defined as a store primarily selling groceries and other foodstuffs, with at least 65% of sales from these items) or a liquor store where at least 90% of annual sales are alcoholic beverages. The bill also gradually increases the total number of licenses one person can hold over time: immediately after the bill takes effect, a person can hold up to five licenses; five years later, this increases to seven; and ten years later, it rises to ten. Individuals acquiring more than two licenses under these new provisions will be required to pay a "license transfer fee" equal to 10% of the purchase price of each additional license, payable to the municipality where the licensed premises is located. Importantly, this bill does not increase the total number of licenses a municipality is allowed to issue.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced, Referred to Assembly Regulatory Oversight and Gaming Committee (on 03/22/2010)
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| Bill | https://www.njleg.state.nj.us/2010/Bills/A3000/2591_I1.HTM | 05/28/2012 |
| Legislative Fiscal Estimate 7/23/10; as introduced | https://www.njleg.state.nj.us/2010/Bills/A3000/2591_E1.HTM | 04/23/2012 |
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