Alcoholic beverages; modifying requirements for information to be submitted to the ABLE Commission; modifying grounds for refusal of certain licenses; modifying persons prohibited from taking certain action. Effective date.

Stock ownership reporting threshold changed from 15% to 51% for retail wine and beer license applicants, requiring disclosure of stockholders owning 51% or more instead of 15% or more.

Corporate application requirements now distinguish between mixed beverage/wholesaler applicants (15% ownership threshold) and retail wine/beer applicants (51% ownership threshold).

Standardized the required documentation for limited liability companies, including articles of organization, operating agreements, and membership interest certificates.

Maintained the $100 fee for notifying the ABLE Commission of changes in officers, directors, managers, or ownership percentages.

Clarified that charitable organizations exempt under specific Internal Revenue Code sections are exempt from furnishing corporate officer information.

Changed stockholder disclosure threshold for corporate licensees from 15% to 49% in some contexts, and clarified that LLCs must now submit articles of organization, operating agreements, and member lists with over 15% ownership.

Updated Internal Revenue Code references to include 'of 1986, as amended' for charitable organization exemptions.

Changed LLC eligibility restriction from requiring 49% ownership to requiring more than 15% ownership for individuals subject to 12-month ownership bans after license denial or revocation.

Added requirement for LLCs to submit articles of organization, resident agent information, manager details, operating agreements, and membership interest certificates.

Updated fee exemption language to reference 'Internal Revenue Code of 1986, as amended' for service organizations.

Corrected formatting inconsistencies and standardized terminology throughout the bill text.