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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.
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