This bill amends Section 3-118 of the Oklahoma Statutes regarding the retail sale of alcoholic beverages. It prohibits the sale of alcoholic beverages for less than the actual unit cost, replacing the previous requirement of a six percent markup. The bill also updates the terminology from "off-premise" and "on-premise" to "off-premises" and "on-premises," respectively.

Additionally, the bill outlines specific conditions under which alcoholic beverages may be sold below the actual unit cost, including clearance sales, sales of imperfect or damaged merchandise, liquidation sales, charitable sales, government contracts, court-ordered sales, and auction sales. The effective date for this legislation is set for November 1, 2025.