HB 1572 Summary

• Modifies sales tax apportionment rates for FY 2026-2027 (83.23%) and FY 2028 and beyond (83.48%) to the General Revenue Fund, and adjusts Tourism and Route 66 Commission fund allocations for FY 2026 onward.

• Changes tourism fund apportionment caps for FY 2022-2025: Oklahoma Tourism Promotion Fund capped at $5,000,000, Tourism Capital Improvement Fund at $9,000,000, and Route 66 Commission Fund at $6,600,000 annually.

• For FY 2026 and subsequent years, allocates 1.0% of sales tax revenue with Route 66 Commission receiving first $6.6 million, then remaining amounts split 36% to Tourism Promotion Fund and 64% to Tourism Capital Improvement Fund.

• Eliminates prohibition on expending Oklahoma Tourism Promotion Revolving Fund monies for employee wages and salaries, while maintaining a 20% cap on operational expenses.

• Establishes Oklahoma Capital Assets Maintenance and Protection Fund to receive $50,000,000 annually beginning FY 2029; effective July 1, 2025 with emergency declaration.