This bill amends various sections of the Oklahoma Sales Tax Code and the Oklahoma Tourism Promotion Act to modify the apportionment of funds for tourism-related initiatives. Specifically, it adjusts the fiscal years for certain apportionments, limiting the cap on apportionments for specific fiscal years. The bill establishes new percentages for the distribution of funds to the Oklahoma Tourism Promotion Revolving Fund, the Oklahoma Tourism Capital Improvement Revolving Fund, and the Oklahoma Route 66 Commission Revolving Fund, with specific caps on the amounts allocated to each fund. Notably, it changes the fiscal years from 2027 to 2025 and introduces a new apportionment structure for fiscal years 2026 and beyond.

Additionally, the bill removes the prohibition on using certain funds for wages and salaries, allowing for a portion of the funds to be used for operational expenses. It stipulates that no more than 20% of the funds accruing each fiscal year can be spent on operations for both the Oklahoma Tourism Promotion and Capital Improvement Revolving Funds. The bill is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage and approval.

Statutes affected:
Introduced: 68-1353