Relates to the exemption of certain parcels of land from the licensing restrictions prohibiting manufacturers, wholesalers and retailers of alcoholic beverages from sharing an interest in a licensed premises

Summary

The bill adds a new subparagraph to the Alcoholic Beverage Control Law that exempts a narrowly defined parcel of land in Manhattan from the rule that bars manufacturers, wholesalers and retailers from sharing ownership. It applies only to a licensed manufacturer or wholesaler on the fifth floor of that parcel, and only if the interest was acquired before the law’s effective date. The exemption ends if the parcel is sold or transferred unless a lease is immediately created, and it terminates when that lease ends.

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