This bill amends existing Oklahoma revenue and taxation laws, specifically targeting the apportionment of revenues related to tourism and recreation. It modifies the amounts allocated to the Oklahoma Tourism Promotion Revolving Fund, increasing the cap from $5 million to $10 million, and raises the cap for the Oklahoma Tourism Capital Improvement Revolving Fund from $9 million to $17 million. Additionally, it introduces a new provision for the apportionment of $50 million to the Oklahoma Capital Assets Maintenance and Protection Fund starting in fiscal year 2029. The bill also clarifies the purpose of the Oklahoma Sales Tax Code and outlines the distribution of sales tax revenues to various state funds.

Furthermore, the bill expands the definition of "tourism promotion" under the Oklahoma Tourism Promotion Act to include costs associated with producing promotional content, attending and participating in tourism conferences, and conducting data collection and analytics to evaluate tourism promotion effectiveness. It specifies that expenses for travel or lodging are not included in tourism promotion costs, except for those incurred while attending tourism conferences. The act is set to take effect on July 1, 2026, and includes an emergency clause for immediate implementation upon passage and approval.

Statutes affected:
Introduced: 68-1353