Provides for transfer and sale of inactive liquor licenses for use in qualifying smart growth municipalities.

This bill allows inactive liquor licenses from municipalities with surplus licenses to be transferred and sold to qualifying smart growth areas that lack available licenses for new businesses. It defines specific criteria for what counts as an inactive license, a smart growth municipality, and a qualifying real estate development project, ensuring licenses move to locations where they can be actively used. The legislation also establishes a process for financial compensation to the municipalities transferring the licenses, creating a mechanism to balance supply and demand for alcohol beverage licenses across the state.