Tourism

 

SB 3(1) by (Rabon/Erwin): Creates the Oklahoma Tourism Development Act, to provide tax incentives for tourism facilities locating in Oklahoma. If a proposed tourism attraction project is projected to attract at least 25% of its visitors from out-of-state, cost at least $500,000, have a significant positive economic impact on the state, produce sufficient revenues and public demand to be operating and open to the public regularly and not adversely affect existing employment, the Director of the Department of Tourism and Recreation may approve the project and enter into an agreement with the company proposing the project. An approved company whose agreement provides that it will have costs of $500,000 to $1 million may receive an income tax credit of 10% of approved costs, and an approved company whose agreement provides that it will have costs of at least $1 million may receive an income tax credit of 25% of approved costs. Credits not used in the year in which they are incurred may be carried forward for up to 10 years. Effective 11/1/00.

SB 1093(1) by (Herbert/Hutchinson): Increases the threshold on contracts for individual purchases made by the Oklahoma Tourism and Recreation Department from $750.00 to $2,500.00. Effective 11-1-00.

SB 1118(1) by (Horner/Ross): Creates the Oklahoma Jazz Hall of Fame Board of Directors. Effective upon signature.

SB 1524(1) by (Herbert/ Hutchinson): Requires the Division of Travel and Tourism within the Oklahoma Tourism and Recreation Department to make available for public inspection during business hours marketing, advertising, promotion, research information, and digital records of the same nature, that are produced by the Division. Effective 11-1-00.


(1) Passed, signed by Governor (2) Passed, pending Governor's approval/disapproval (3) Vetoed by Governor
(4) Pending in Legislature (5) Failed in Legislature (6) Enrolled with the Sec. of State
 

Previous Section | Next Section | Table of Contents