The bill amends Section 2-129 of the Oklahoma Alcoholic Beverage Control Act to update the statutory references and language regarding charitable alcoholic beverage licenses. It specifically allows charitable organizations exempt from taxation under certain sections of the Internal Revenue Code to obtain licenses for conducting wine, spirit, and beer events aimed at raising funds for charitable purposes. The bill clarifies that these events can include tastings, dinners, and auctions, and outlines the conditions under which these events can be held, including the duration of the licenses and the number of licenses that can be issued to an organization within a twelve-month period.

Notably, the bill exempts institutions of higher education from the restrictions on the maximum number of event and auction licenses they can obtain annually. Additionally, it specifies that a charitable alcoholic beverage event license is not required for certain organizations, such as economic development chambers, provided that the event is not primarily for fundraising and that a licensed caterer is used for alcohol distribution. The amendments aim to facilitate charitable fundraising efforts while ensuring compliance with existing regulations.