The proposed bill authorizes the issuance of special independent theater dispensing licenses for the sale of beer and wine at independent theaters in New Mexico. It establishes a new section within the Liquor Control Act that outlines the criteria and limitations for these licenses. Independent theaters can apply for a license that permits the dispensing of wine and beer during movie screenings or events, provided that the server holds a valid permit. The bill specifies that service is limited to two twelve-ounce servings of beer or two six-ounce servings of wine per customer per event, and the license is non-transferable.

Additionally, the issuance of the license is contingent upon approval from the local governing body or option district where the theater is located. The bill defines an "independent theater" as one primarily focused on exhibiting movies or hosting live events, owned by a New Mexico resident or registered organization, and in operation for at least one year. The effective date for the provisions of this act is set for July 1, 2025.