Oklahoma 2024 Regular Session

Oklahoma Senate Bill SB1412

Introduced
2/5/24  
Refer
2/6/24  
Report Pass
2/19/24  

Caption

Tourism; increasing apportionment to certain tourism funds; removing the fiscal year 2015 cap on apportionments; providing for use of funds. Effective date. Emergency.

Impact

The impact of SB 1412 is expected to affect budgets related to tourism funds significantly, particularly benefiting the Oklahoma Tourism Promotion Revolving Fund and the Oklahoma Tourism Capital Improvement Revolving Fund. The goal is to create a more robust and sustained financial support structure that can promote tourism initiatives effectively throughout Oklahoma. This change comes with the recognition of tourism as a vital sector for the state's economy, suggesting that enhanced funding could stimulate growth and visitor engagement in various localities across Oklahoma.

Summary

Senate Bill 1412 focuses on enhancing funding mechanisms for tourism in Oklahoma through amendments to existing statutes. It specifically modifies the apportionments related to the Oklahoma Tourism Promotion Act, increasing the financial allocations available for tourism promotion and capital improvement projects within the state. By eliminating the previous cap on apportionments set in fiscal year 2015, this bill aims to provide more substantial financial resources to support the state's tourism industry and its associated infrastructure.

Contention

While proponents argue that increased funding for tourism will yield economic benefits and job creation, there may be concerns about the potential reallocation of state funds. Opponents could raise questions regarding the long-term sustainability of increasing apportionments and the fiscal responsibility in managing state finances. Additionally, there may be debate about ensuring equitable distribution of funds across regions, so that all areas of Oklahoma benefit from tourism promotion efforts, which highlights the necessity for transparent guidelines on fund distribution.

Companion Bills

No companion bills found.

Previously Filed As

OK HB1572

Tourism; increasing apportionment to Tourism funds; removing apportionment cap; limiting funds for operations; eliminating prohibition to spend certain funds on salaries; effective date; emergency.

OK HB1572

Tourism; increasing apportionment to Tourism funds; removing apportionment cap; limiting funds for operations; eliminating prohibition to spend certain funds on salaries; effective date; emergency.

OK HB1733

Sales tax apportionment; modifying apportionment limit for the Oklahoma Tourism Promotion Revolving Fund; effective date; emergency.

OK HB1733

Sales tax apportionment; modifying apportionment limit for the Oklahoma Tourism Promotion Revolving Fund; effective date; emergency.

OK HB2057

Trauma Care Assistance Revolving Fund; medical marijuana taxation; apportionment; assess; collect; apportionments; funds; effective date; emergency.

OK HB2057

Trauma Care Assistance Revolving Fund; medical marijuana taxation; apportionment; assess; collect; apportionments; funds; effective date; emergency.

OK SB1309

Roads and bridges; modifying certain apportionment for certain fiscal years. Effective date. Emergency.

OK SB38

Sales and use tax apportionment; modifying apportionment for Oklahoma Historical Society. Effective date. Emergency.

OK SB38

Sales and use tax apportionment; modifying apportionment for Oklahoma Historical Society. Effective date. Emergency.

OK HB3618

Revenue and taxation; tourism revenue; tourism promotion definition; effective date; emergency.

Similar Bills

OK HB4104

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OK SB1460

Crimes and punishments; modifying offenses in certain classes of felonies; creating felony offenses for second or subsequent offenses; adding offenses for which registration pursuant to the Sex Offenders Registration Act applies. Effective date.

OK SB1936

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OK HB3268

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OK SB881

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OK SB881

Crimes and punishments; authorizing certain petition under certain circumstances. Effective date.