Allows municipalities to transfer inactive alcoholic beverage retail licenses for use in certain redevelopment and revitalization areas; establishes procedure to transfer inactive retail licenses.

This bill allows New Jersey municipalities to transfer inactive alcoholic beverage retail licenses (typically held by closed bars or restaurants) to other municipalities for use in designated redevelopment or revitalization areas. The transferred licenses must be used in specific zones like urban enterprise zones, downtown business improvement areas, or transit-oriented developments, and must primarily support food sales (at least 60% of total annual sales). Municipalities must follow specific procedures including public sale processes, 90-day notice requirements, and establishing transfer fees, with licenses expiring if not actively used within two years. Transferred licenses will not count toward a municipality's population-based license limit, and license holders must certify food sales will be the primary business.