Oklahoma HB2894 amends the Oklahoma Tourism Development Act to increase the cap on cumulative inducements per year and extend the sunset date.

Oklahoma HB2894 amends the Oklahoma Tourism Development Act to increase the cap on cumulative inducements per year and extend the sunset date. The bill raises the cap on cumulative inducements per year and extends the sunset date for the Oklahoma Tourism Development Act. It also modifies the rules for the pass-through of sales tax credits and incentive payments for approved companies and Entertainment District Tenant Parties. The bill specifies the conditions under which credits and payments can be claimed and the limitations on their use.

Oklahoma HB2894 amends the Oklahoma Tourism Development Act to increase the cap on cumulative inducements per year and extend the sunset date.

Oklahoma HB2894 amends the Oklahoma Tourism Development Act to increase the cap on cumulative inducements per year and extend the sunset date. The bill raises the cap on cumulative inducements per year and extends the sunset date for the Oklahoma Tourism Development Act. It also modifies the rules for the pass-through of sales tax credits and incentive payments for approved companies and Entertainment District Tenant Parties. The bill specifies the conditions under which credits and payments can be claimed and the limitations on their use.