ID S1120

Licenses issued on or after July 1, 2023, for retail liquor by the drink cannot be sold, leased, or transferred, and do not qualify for the discount in section 23-217(2), Idaho Code.

Licenses issued before July 1, 2023, may be sold or transferred only once after that date, and become non-transferable thereafter; prior to transfer, licensees are entitled to the discount in section 23-217(2).

Certain transactions do not count as a sale or transfer: inheritance through wills or trusts, gifts from family members without consideration, business sales where the license stays with the business (if business occupied location for at least one year), or transfers between businesses owned by the same licensee.

Licenses under lease before July 1, 2023, revert to the owner's possession at lease conclusion and may then be sold or transferred once under installment contracts not exceeding five years.

The legislation takes effect July 1, 2023, and is declared an emergency measure; the Legislature intends to eliminate speculative trading of liquor licenses while allowing prior licensees to recoup value.