SECTION 1.  Notwithstanding Section 17 of Chapter 138 of the General Laws, or any other general or special act to the contrary, the licensing authority of the Town of Reading may grant an additional license for the sale of all alcoholic beverages not to be drunk on the premises to a business located within the Town of Reading Smart Growth 40R District roughly bounded by Woburn Street, Union Street, Pleasant Street, Parker Street, Haven Street, Ash Street, Gould Street, Green Street, High Street, Brande Court, Linden Street and Sanborn Street in the Town of Reading under Section 15 of said Chapter 138.  The licensing authority shall not approve the transfer of the license to any other location but it may grant the license to a new applicant at the same location if the applicant files with the licensing authority a letter from the Department of Revenue indicating that the license is in good standing with the Department and that all applicable taxes have been paid.

SECTION 2.  If the license granted under this act is cancelled, revoked or no longer in use, it shall be returned physically, with all of the legal rights, privileges and restrictions pertaining thereto to the licensing authority, which may then grant the license to a new applicant at the same location and under the same conditions as specified in this act.

SECTION 3.  The license shall be subject to all of said chapter 138 except said Section 17.

SECTION 4.  This act shall take effect upon its passage.