Allows municipalities to transfer inactive alcoholic beverage retail licenses for use in redevelopment areas under certain circumstances; allows retail distribution and seasonal consumption licenses to be converted into consumption licenses.

This bill allows New Jersey municipalities to transfer inactive retail liquor licenses to other municipalities for use in designated redevelopment areas, such as urban enterprise zones or downtown improvement districts. It requires host municipalities (where licenses are held) to offer these licenses through public sale, with proceeds going to the host municipality's general fund, and mandates that transferred licenses must be actively used within two years or expire. The bill specifically affects municipalities seeking to relocate unused licenses and license holders in redevelopment zones, while prohibiting transfers outside these areas or for new license issuance. It does not change licensing standards but creates a structured process for moving existing licenses to support economic development.