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When must licenses be renewed?

It is the responsibility of the licensee to renew his license whether or not he has received a renewal notice from ABC. All licenses may be renewed by paying the required renewal fee before the license expires. Following the expiration of a license, the licensee may legally operate for an additional 60 days during which time the license may be renewed by paying the renewal fee and a 50% penalty. If the renewal fee and penalty fee has not been paid within 60 days of the expiration of a license, the license is canceled and the licensee may not exercise any privileges of the license. The licensee does have and additional 30 days in which to reactivate the license by paying the renewal fee and a 100% penalty. If the penalty and renewal fee are not paid by the end of the 30th day following cancellation, the license is revoked. (Section 24048)