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Bill > SB1442
OK SB1442
OK SB1442Rebates; modifying procedures for payment of film expenditure rebates pursuant to Compete with Canada Act. Effective date. Emergency.
summary
Introduced
02/03/2020
02/03/2020
In Committee
02/26/2020
02/26/2020
Crossed Over
03/12/2020
03/12/2020
Passed
Dead
05/29/2020
05/29/2020
Introduced Session
2020 Regular Session
Bill Summary
An Act relating to rebates; amending 68 O.S. 2011, Sections 3623, as amended by Section 2, 3624 and 3625, as last amended by Sections 3 and 4, Chapter 313, O.S.L. 2019 (68 O.S. Supp. 2019, Sections 3623, 3624 and 3625), which relate to the Compete with Canada Act; modifying definition by authorizing Oklahoma Film and Music Office to set additional requirements for certain productions; providing for flexible film expenditure rebate amounts no greater than a specified amount after a certain date; modifying limit on total rebate payments in a single fiscal year; eliminating exception to limit on rebate claims; limiting payments to availability of funds subject to specified exceptions; modifying amount apportioned by Oklahoma Tax Commission to pay rebates; updating statutory references; providing an effective date; and declaring an emergency.
AI Summary
This bill amends the Compete with Canada Film Act in Oklahoma. It modifies the definition of "high impact production" to allow the Oklahoma Film and Music Office to set additional requirements for certain productions. The bill provides for flexible film expenditure rebate amounts, with a maximum of 35% after the effective date of the act. It modifies the limit on total rebate payments in a single fiscal year and eliminates an exception to the limit on rebate claims. The bill also limits payments to the availability of funds, subject to specified exceptions, and modifies the amount apportioned by the Oklahoma Tax Commission to pay the rebates. The bill has an effective date of July 1, 2020 and declares an emergency.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Second Reading, direct to Calendar (on 05/06/2020)
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=sb1442&Session=2000 |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20ENGR/SB/SB1442%20ENGR.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20FLR/SFLR/SB1442%20SFLR.PDF |
| BillText | http://webserver1.lsb.state.ok.us/cf_pdf/2019-20%20INT/SB/SB1442%20INT.PDF |
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