AR HB1148

Authorizes territorial subdivisions (cities, townships, municipalities, wards, or precincts) to conduct independent local option elections on alcoholic beverage sales, with results overriding county-wide election results if they differ.

Allows local option elections to be called by petition of 15% of qualified electors or by majority vote of the governing body, expanding the previous petition requirement method.

Permits retail dealers holding valid licenses at the time of a local option election vote to retain and operate their licenses even if the territory votes dry, provided they do not transfer the license to another premises.

Reduces the petition signature requirement for certain annexed areas from 38% to 15% of qualified electors to trigger a local option election.

Adds new definitions for "governing body" (city council or quorum court) and "territorial subdivision" and establishes procedures for elections in defunct voting districts with specific timeline and ballot requirements.