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Bill > HB2969
OK HB2969
OK HB2969Revenue and taxation; modifying provisions related to maximum apportionment to the Tourism Promotion Revolving Fund and theTourism Capital Improvement Revolving Fund; effective date; emergency.
summary
Introduced
02/03/2020
02/03/2020
In Committee
02/04/2020
02/04/2020
Crossed Over
Passed
Dead
05/29/2020
05/29/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act relating to revenue and taxation; amending 68 O.S. 2011, Sections 1353, as last amended by Section 1, Chapter 446, O.S.L. 2019 and 1403, as last amended by Section 9, Chapter 17, 2nd Extraordinary Session, O.S.L. 2018 (68 O.S. Supp. 2019, Sections 1353 and 1403), which relate to apportionment of sales tax and use tax; modifying provisions related to maximum apportionment to the Oklahoma Tourism Promotion Revolving Fund and the Oklahoma Tourism Capital Improvement Revolving Fund; modifying provisions related to apportionment of revenues to the General Revenue Fund; providing an effective date; and declaring an emergency.
AI Summary
This bill amends existing Oklahoma laws related to the apportionment of sales tax and use tax revenue. It modifies the maximum amounts that can be apportioned to the Oklahoma Tourism Promotion Revolving Fund and the Oklahoma Tourism Capital Improvement Revolving Fund, removing the previous caps. The bill also adjusts the apportionment of revenues to the General Revenue Fund. The changes made by this bill will take effect on July 1, 2020 and an emergency clause has been included to allow the bill to take effect immediately upon passage and approval.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Second Reading referred to Appropriations and Budget (on 02/04/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=hb2969&Session=2000 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20INT/hB/HB2969%20INT.PDF |
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