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OK HB1065
OK HB1065Revenue and taxation; Oklahoma Quality Events Incentive Act; date reference; effective date.
summary
Introduced
02/03/2025
02/03/2025
In Committee
04/01/2025
04/01/2025
Crossed Over
03/11/2025
03/11/2025
Passed
Dead
Introduced Session
2025 Regular Session
Bill Summary
An Act relating to revenue and taxation; amending 68 O.S. 2021, Section 4301, which relates to the Oklahoma Quality Events Incentive Act; modifying date reference; and providing an effective date.
AI Summary
This bill amends the Oklahoma Quality Events Incentive Act by extending the effective date of the act from June 30, 2026 to June 30, 2032. The bill modifies a single date reference in the existing law, effectively prolonging the state's quality events incentive program for an additional six years. The change will take effect on November 1, 2025, which means the incentive program will remain active and available to qualifying events until the new end date of June 30, 2032. The bill does not appear to make any substantive changes to the incentive program itself, only adjusting its duration. This type of legislative amendment is common for time-limited programs, allowing continued support for events that contribute to the state's economic and tourism objectives.
Committee Categories
Budget and Finance, Labor and Employment
Sponsors (2)
Last Action
Second Reading referred to Economic Development, Workforce and Tourism (on 04/01/2025)
Official Document
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