New Jersey A802 exempts certain redevelopers from the two-term expiration period for inactive Class C alcoholic beverage licenses.

New Jersey A802 creates an exemption for Class C alcoholic beverage licenses used in redevelopment, improvement, or revitalization areas that cover at least 250,000 square feet and have secured site plan approvals. This exemption applies to developers, reddevelopers, their affiliates, and tenants. The bill allows these licenses to remain inactive without expiring for two consecutive license terms, unlike the current law that requires them to expire after two years of inactivity.

New Jersey A802 exempts certain redevelopers from the two-term expiration period for inactive Class C alcoholic beverage licenses.

New Jersey A802 creates an exemption for Class C alcoholic beverage licenses used in redevelopment, improvement, or revitalization areas that cover at least 250,000 square feet and have secured site plan approvals. This exemption applies to developers, reddevelopers, their affiliates, and tenants. The bill allows these licenses to remain inactive without expiring for two consecutive license terms, unlike the current law that requires them to expire after two years of inactivity.