Oklahoma HB1572 increases apportionment to tourism funds, removes a cap, limits operational funds, and allows spending on salaries.
Oklahoma HB1572 amends the Oklahoma Sales Tax Code to increase the apportionment to tourism funds, removes the cap on apportionments, limits the funds that can be used for operations, and eliminates the prohibition on spending certain funds on salaries. The bill specifies the apportionment percentages for various fiscal years and designates funds for the Oklahoma Tourism Promotion Revolving Fund and the Oklahoma Tourism Capital Improvement Revolving Fund.
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