Allows certain alcoholic beverage retail licenses to be transferred with annexed municipal land.

This bill allows bar and restaurant licenses (plenary retail consumption licenses) to automatically transfer to the new municipality when land is annexed from one municipality to another under New Jersey law. It affects businesses operating on annexed land and the municipalities involved in the annexation. Key provisions include: the license transfers to the annexing municipality's governing body, the losing municipality can issue a new replacement license at public sale, and the usual population-based limit (one license per 3,000 residents) does not apply to these transferred or replacement licenses. The bill takes immediate effect.