This bill amends Section 2-156 of the Oklahoma Alcoholic Beverage Control Act, primarily focusing on the ownership and licensing of package stores. It introduces provisions that allow limited partnerships and limited liability partnerships to hold retail spirits licenses in counties with a population of 70,000 or more. Additionally, it permits existing retail spirits licensees organized as limited partnerships to convert to limited liability partnerships without reapplying for a license, provided they notify the Alcoholic Beverage Laws Enforcement Commission within 90 days of the conversion. The bill also emphasizes the requirement for full disclosure of all partners to the Commission and mandates that any changes to the partnership structure be reported within five business days.

Furthermore, the bill clarifies that no person may hold an interest in more than one package store, and it updates the language regarding the sale of non-alcoholic items by retail spirits license holders, ensuring that such sales do not exceed 20% of their monthly sales. The amendments also specify that spouses of retail spirits license holders are not considered partners unless their names appear on the license, and it restricts the ownership of retail spirits licenses to individuals rather than corporations or similar entities. The act is set to take effect on November 1, 2026.