The bill proposes the enactment of a new section within the Liquor Control Act that authorizes the issuance of special independent theater dispensing licenses for the sale of beer and wine. This license is specifically designed for independent theaters, allowing them to serve wine and beer to customers during movie screenings or other events. The director of the liquor control authority will establish rules to ensure public health and safety, and the issuance of the license will require approval from the local governing body or option district. Additionally, there are limitations on the amount of alcohol that can be served to each customer, with a maximum of two twelve-ounce servings of beer or two six-ounce servings of wine per event.

The bill also outlines that the special independent theater dispensing license is non-transferable and can only be held by individuals with a server permit who are employees or operators of the independent theater. The definition of an "independent theater" is provided, specifying that it must primarily exhibit movies or host live events, be located in a single location, be owned by a New Mexico resident or registered organization, and have been in operation for at least one year. The provisions of this act are set to take effect on July 1, 2025.