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OK SB38
Bill
Status
2/3/2025
Primary Sponsor
Bill Coleman
Click for details
AI Summary
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Modifies apportionment of 0.06% of sales and use tax revenues to the Oklahoma Historical Society Capital Improvement and Operations Revolving Fund, limiting fiscal years 2016-2025 to amounts not exceeding what was apportioned for FY 2015
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Establishes a new fixed cap for FY 2026 and subsequent years at $1,880,553.25 for sales tax and $370,274.43 for use tax apportionments to the Oklahoma Historical Society fund
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Directs any amounts exceeding these caps to the General Revenue Fund
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Allocates $50,000,000 annually beginning FY 2029 to the Oklahoma Capital Assets Maintenance and Protection Fund from sales tax revenues
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Effective date July 1, 2025, with emergency clause for immediate effect upon passage
Legislative Description
Sales and use tax apportionment; modifying apportionment for Oklahoma Historical Society. Effective date. Emergency.
Last Action
Placed on General Order
2/20/2025