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OK HB1065

OK HB1065
Revenue and taxation; Oklahoma Quality Events Incentive Act; date reference; effective date.


summary

Introduced
02/03/2025
In Committee
04/01/2025
Crossed Over
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)

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