Permits municipalities to hold certain inactive liquor licenses reserved for smart growth developments for an additional five years.

This bill extends the period municipalities can hold inactive liquor licenses (for bars/restaurants) reserved for smart growth development projects. It allows municipalities in urban enterprise zones or Planning Area 1 districts to maintain these licenses inactive for up to five additional years beyond the current five-year limit, totaling ten years. If a license remains inactive five years after this bill takes effect, municipalities may request further approval from the Director of Alcoholic Beverage Control to keep it inactive. The change directly affects New Jersey municipalities holding such licenses, providing more flexibility for future development projects in designated smart growth areas.