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NJ S742

Bill

Status

Passed

4/22/2025

Primary Sponsor

Patrick Diegnan

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Origin

Senate

2024-2025 Regular Session

AI Summary

  • Exempts certain Class C alcoholic beverage licenses from the two-year inactive license expiration requirement under New Jersey law
  • Applies to licenses held by developers, redevelopers, or their affiliates and tenants for use in redevelopment, improvement, or revitalization areas
  • Requires the qualifying redevelopment area to encompass at least 250,000 square feet and have secured municipal site plan approvals
  • Excludes exempt licenses from the quartile-based transfer schedule that applies to other inactive licenses placed on inactive status before P.L.2023, c.290
  • Takes effect immediately upon enactment

Legislative Description

Appropriates unexpended funds from "New Jersey Bridge Rehabilitation and Improvement and Railroad Right-of-way Preservation Bond Act of 1989."

Bills and Joint Resolutions Signed by the Governor

Last Action

Approved P.L.2025, c.42.

4/22/2025

Committee Referrals

Appropriations9/19/2024
Transportation and Independent Authorities6/28/2024
Budget and Appropriations6/3/2024
Transportation1/9/2024

Full Bill Text

No bill text available