This bill amends Section 1370.9 of Title 68 of the Oklahoma Statutes, which pertains to lodging taxes levied by counties with populations under 200,000. The key modification allows counties to impose a lodging tax of up to 5% on gross proceeds from lodging services, contingent upon approval from a majority of registered voters in a special election. If the tax is not approved, the county cannot call another election for six months. Additionally, the bill specifies that any lodging tax levied by a county will now be applicable to the furnishing of public lodging within municipalities that have also enacted a lodging tax, reversing the previous inapplicability clause.

Furthermore, the bill establishes that any lodging tax must be designated for a specific purpose, with proceeds either going into the county's general revenue or a designated lodging tax revolving fund. This fund is intended for specific expenditures related to the tax and is not subject to fiscal year limitations. The bill also outlines that the purpose of the tax may include advertising and investment of funds for the designated purpose. The act is set to take effect on November 1, 2026.