Allows municipalities to revoke and reissue plenary retail consumption licenses that are inactive for five years.

This bill allows New Jersey municipalities to revoke plenary retail consumption licenses (for on-premises alcohol sales) that have been inactive for five years and reissue them via public sale. It directly affects license holders who let their licenses sit unused and all municipalities, replacing the previous two-year inactivity rule. Key provisions include extending the inactivity period from two to five years, removing the requirement that only certain municipalities (in urban enterprise zones) could handle such licenses, and repealing a prior law that limited this process. Exceptions apply if a licensee files an affidavit showing good faith efforts to resume operations after events like fire or eminent domain, with affidavits needing renewal every two years.