This bill amends Section 2-129 of the Oklahoma Alcoholic Beverage Control Act, specifically addressing charitable alcoholic beverage licenses. It updates statutory references and language, and introduces exemptions for certain organizations, particularly institutions of higher education, from the maximum number of licenses they can obtain each year. The bill allows charitable organizations exempt from taxation under specific sections of the Internal Revenue Code to conduct various types of alcoholic beverage events, including tastings, dinners, and auctions, while also clarifying the conditions under which these events can be held.

Key changes include the insertion of new tax-exempt categories (501(c)(10) and 501(c)(19)) and the removal of outdated categories (501(c)(4) through 501(c)(9)). Additionally, the bill specifies that charitable organizations can utilize licensed caterers for alcohol services and outlines the licensing requirements for charitable auctions. The legislation also states that no charitable alcoholic beverage event license is needed for certain nonprofit organizations if the event is not primarily for fundraising and a licensed caterer is used. An emergency clause is included, allowing the act to take effect immediately upon passage and approval.