Allows municipalities to transfer inactive alcoholic beverage retail licenses for use in redevelopment areas under certain circumstances; allows retail distribution and seasonal consumption licenses to be converted into consumption licenses.

This bill allows New Jersey municipalities to transfer inactive retail liquor store licenses to other municipalities for use in designated redevelopment areas. It specifically applies to inactive "plenary retail consumption licenses" (used for full-service liquor stores), not distribution or seasonal licenses. Key provisions require transfers to occur within approved redevelopment zones, mandate a public sale process with 90-day notice, set a $1,000 annual limit on transfers per receiving municipality, and require the license to be actively used within two years or expire. The host municipality receives funds from the sale, and the receiving municipality cannot replace the transferred license with a new one.