Oklahoma City, OK 73105
For Immediate Release: February 19, 2013
Sen. Dan Newberry
Senate panel approves bill expanding Oklahoma Quality Events
The Senate Finance Committee on Tuesday approved legislation
that would help the state retain and attract major events. Senate
Bill 976 would expand the number of events that qualify under the
Oklahoma Quality Events Incentive Act.
The Act gives communities a portion of any incremental sales tax
increase generated by an event, for use in the recruitment, promotion
and retention of high-value events.
Newberry, author of SB 976, said expansion of the Quality Events
Incentive Act would pump millions of dollars into the state’s
“In order to attract and retain major events, we have to give
our communities the ability to be competitive,” said Newberry,
R-Tulsa. “If we fail to do so, we stand to lose the positive
economic impact they bring into our state every year. These events
drive job growth and are a tremendous asset.”
SB 976 would condense the timeline for communities to apply for
Quality Events funds, allowing them to pursue events less than one
year out. The measure modifies the definition of a Quality Event
to include negotiated events, such as the World Quarter Horse Show
in Oklahoma City and the National Arabian Horse Show in Tulsa.
“This bill provides expanded opportunity for our communities
to recruit events like this, which spur development and enrich our
culture,” Newberry said. “By expanding the Act, we are
guaranteeing our communities the ability to be competitive in attracting
SB 976 has no fiscal impact to the state.
For more information contact:
Sen. Newberry: (405) 521-5600