The bill amends the Oklahoma Alcoholic Beverage Control Act to introduce new definitions and provisions related to the sale and distribution of alcoholic beverages, with a particular emphasis on vintage distilled spirits. It defines terms such as "mixed beverages," "club suite," and "private event," while also clarifying the roles of various entities involved in the alcoholic beverage industry. A significant aspect of the bill is the definition of "vintage distilled spirit," which refers to unopened packages of distilled spirits that are not owned by a distillery and are unavailable for purchase from licensed wholesalers in the state. The bill allows holders of mixed beverage licenses to also obtain retail beer or wine licenses and permits the sale of vintage distilled spirits under specific conditions.

Additionally, the bill stipulates that individuals aged 21 or older, who are not licensed to sell alcohol, may sell vintage distilled spirits under certain circumstances, such as being an administrator or creditor. It also includes provisions for the sale of mixed beverages in licensed establishments, including motion picture theaters and golf courses, while ensuring compliance with age verification requirements. The amendments aim to modernize the language and definitions within the law to better reflect current practices in the alcoholic beverage industry, and the act is set to take effect on November 1, 2025.