Hi archercrosley,
If old and new server both have Windows 2003 Server installed you should be able to migrate TS Licensing server. But this procedure includes de-activating old server and calling Microsoft Clearinghouse to obtain new license packs.
This blog entry has detailed steps:
"Migrating a Windows Server 2003 TS License Server"
http://blogs.msdn.com/rds/archive/2009/03/06/migrating-a-windows-server-2003-license-server.aspxHTH
Toni