Allows certain redevelopers to be exempt from inactive alcoholic beverage licenses restriction.

This bill exempts certain Class C alcoholic beverage licenses held by developers, redevelopers, or their tenants from the requirement that licenses must be actively used within two consecutive license terms. The exemption applies only if the license is intended for a premises in a redevelopment, improvement, or revitalization area that covers at least 250,000 square feet and has secured municipal site plan approval. This prevents the license from expiring due to inactivity during the development project. The bill directly affects businesses involved in large-scale redevelopment projects in New Jersey.