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 year apportionments, limiting certain caps on these apportionments for specific fiscal years. The bill establishes new percentages for the distribution of sales tax revenues, including a decrease in the cap for the Oklahoma Tourism Promotion Revolving Fund and the Oklahoma Tourism Capital Improvement Revolving Fund for fiscal years 2022 through 2025, while introducing a new apportionment structure for fiscal year 2026 and beyond.

Additionally, the bill removes the prohibition on using certain funds for wages and salaries within the Oklahoma Tourism Promotion Revolving Fund, allowing for up to 20% of the fund to be used for operational expenses. The effective date of the bill is set for July 1, 2025, and it declares an emergency to ensure its immediate implementation upon passage and approval.

Statutes affected:
Introduced: 68-1353