SB1919

Oklahoma SB1919 amends the Oklahoma Tourism Development Act to increase the cumulative inducement per year and update statutory language.

Oklahoma SB1919 amends the Oklahoma Tourism Development Act to increase the cumulative inducement per year and update statutory language. The bill allows for a sales tax credit of up to 25% of approved costs for tourism attraction projects, with specific percentages for different cost ranges. It also transfers administrative rules and agreements from the Oklahoma Tourism and Recreation Department to the Oklahoma Department of Commerce. The changes aim to provide clearer guidelines and incentives for tourism projects in the state.