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 would allow New Jersey municipalities to transfer dormant alcohol retail licenses to other towns within designated redevelopment or revitalization zones (like urban enterprise zones or downtown areas). It requires 90-day public notice before transfers, limits municipalities to one transfer per year, and mandates that transferred licenses stay permanently within revitalization areas. The law aims to repurpose unused licenses for economic development without increasing overall license caps.