For Immediate Release: April 15,
Co-President Pro Tempore
Senator Glenn Coffee, R-Oklahoma City
State Capitol Room 418
Oklahoma City, Oklahoma 73105
Sen. Glenn Coffee
Jobs Expansion Passes Senate to Encourage NBA Relocation to Oklahoma
Legislation to tweak the Quality Jobs Act
to encourage the National Basketball Association to move a professional
basketball team to Oklahoma passed the State Senate today. The bill
now goes to the House of Representatives for final consideration
before going to Gov. Brad Henry.
Senate Bill 1819, by Senate Co-President Pro Tempore Glenn
Coffee and House Speaker Chris Benge, allows an NBA franchise
to participate in the state’s Quality Jobs Program, which
rebates a portion of employees’ income taxes to the state
to qualified employers.
“If a NBA franchise comes here it will be a slam dunk for
Oklahoma, like getting a major corporation to locate its headquarters
here. If a NBA team relocates to Oklahoma, we will be one of only
22 states with a team. It will help raise Oklahoma’s profile
nationally and across the world,” stated Coffee, R-Oklahoma
“This legislation paves the way for the NBA to come to Oklahoma.
The state budget won’t be impacted because the rebates provided
for in this bill would come from funds that the state won’t
receive at all if the NBA doesn’t locate a team here,”
The incentive would last 15 years and would provide rebates of
about $60 million in tax rebates to an NBA team. The funds would
be used to help offset an NBA team’s relocation fees and expenses.
For more information contact:
Senator Coffee's Office: (405) 521-5636