If the application for a new license is granted, except in connection with the issuance of a new license upon failure to timely renew under N.J.S.A. 33:1-12.1 8, the license fee shall be prorated from the effective date of the license; and where the amount deposited exceeds the prorated fee, the applicant shall be entitled to a refund of the excess. Any new license issued for failure to timely renew pursuant to N.J.S.A. 33:1-12.1 8 will be effective immediately following the last day of the preceding license term, and no prorating of fee is warranted.
N.J. Admin. Code § 13:2-2.12
See: 22 New Jersey Register 1811(a), 22 New Jersey Register 2508(c).
Added "for a new license", "except in connection for failure to timely renew" and "effective immediately following last day of preceding term".