(b) The Board may issue the license for use by:

(1) a hotel that:

(i) accommodates the public by providing service ordinarily found in hotels;

(ii) has:

1. at least 25 rooms;

2. a lobby with registration and mail desk; and

3. a dining room that serves full-course meals at least twice daily and that has regular seating at tables, not including seats at bars or counters, for at least 50 individuals; and

(iii) is operated in facilities that are valued for State and local assessment and taxation at not less than $50,000; or

(2) a restaurant that:

(i) is open for business at least 5 days a week and serves at least:

1. two full-course meals each day it is open from Monday to Friday; and

2. one full-course meal each day it is open on Saturday and Sunday;

(ii) has regular seating at tables, not including seats at bars or counters, for at least 50 individuals; and

(iii) is operated in facilities that are valued for State and local assessment and taxation at not less than $50,000.

(c) (1) In this subsection, “premises” means an area:

(i) inside the restaurant where meals are prepared and served; or

(ii) outside the restaurant that is approved in writing by the Board.

(2) The license authorizes the license holder to sell:

(i) beer, wine, and liquor for on-premises consumption;

(ii) beer for off-premises consumption 7 days a week; and

(iii) wine for off-premises consumption 7 days a week if:

1. the area used to prepare and consume food and beverages occupies at least 90% of the square footage of the licensed premises; and

2. the license holder does not sell more than six bottles of wine to an individual at one time.

(d) (1) If a license application is made for a new or improved building, on request by the Board the supervisor of assessments shall assess the building and advise the Board of the valuation of the building for assessment and taxation.

(2) The valuation of the building for assessment and taxation does not affect the renewal or transfer of a Class B license issued before May 1, 1979.

(e) The annual license fee is $1,500.