HB 1733: Sales tax apportionment; modifying apportionment limit for the Oklahoma Tourism Promotion Revolving Fund; effective date; emergency. - Oklahoma

Proposed Committee Substitute (full committee) 3 → Proposed Committee Substitute (full committee) 4 · 3 edits

MINOR

The bill version was updated from Full Committee Substitute 3 to Full Committee Substitute 4, with a revised date stamp. The most substantive change is the addition of a new funding allocation to the Oklahoma Route 66 Commission, while other apportionment percentages for General Revenue, Education, and Teachers' Retirement were adjusted slightly.

Scope change

The bill's scope now includes an additional funding requirement for the Oklahoma Route 66 Commission, expanding the distribution of sales tax revenues beyond the previously listed funds.

FISCAL

Added a new allocation directing 32% of certain sales tax revenues to the Oklahoma Route 66 Commission, with no specific dollar cap mentioned in this excerpt.

Adjusted fiscal year apportionment percentages for General Revenue Fund, Education Reform Revolving Fund, and Teachers' Retirement System, with some years showing dual percentages indicating transitional changes.

TECHNICAL

Updated document metadata including version number (FULLPCS4), timestamp, and requirement number (12852 instead of 12767).

Proposed Committee Substitute (full committee) 2 → Proposed Committee Substitute (full committee) 3 · 5 edits

MODERATE

This bill amendment updates the Oklahoma Sales Tax Code's revenue apportionment schedule, adjusting percentages for various state funds across fiscal years. The changes primarily modify funding percentages for the General Revenue Fund, Education Reform Revolving Fund, Teachers' Retirement System, and Tourism-related funds, with some revisions to specific fiscal year allocations and percentage calculations.

FISCAL

Updated General Revenue Fund apportionment percentages, changing FY 2023-2027 allocation from 83.36% to 83.23% and FY 2028+ from 83.6148% to 83.61%

Modified Education Reform Revolving Fund percentages for FY 2021, splitting the fiscal year into two periods with different rates (10.46% for July-August, 11.96% for September-June)

Adjusted Teachers' Retirement System Dedicated Revenue Revolving Fund percentages, particularly for FY 2021 (changed from 5.0% to 3.5% for September-June period) and FY 2023-2027 (changed from 5.25% to 5.25%)

Revised Tourism-related fund allocations, including Oklahoma Tourism Promotion Revolving Fund and Oklahoma Tourism Capital Improvement Revolving Fund percentages and caps

TECHNICAL

Updated document metadata including bill version number (FULLPCS2 to FULLPCS3) and amendment date (2/17/2025 to 2/20/2025)

Proposed Committee Substitute (full committee) 1 → Proposed Committee Substitute (full committee) 2 · 4 edits

MODERATE

The bill was substantially rewritten to remove specific fiscal year limitations on how much sales tax revenue can be apportioned to tourism funds. Previously, the bill capped annual contributions to the Oklahoma Tourism Promotion Revolving Fund and Oklahoma Tourism Capital Improvement Revolving Fund at increasing amounts over several years. The new version eliminates these caps entirely, allowing unlimited apportionment to these funds.

Scope change

The bill's scope expanded from a temporary, time-limited revenue allocation to a permanent, unlimited revenue allocation for tourism funds.

FISCAL

Removed specific dollar caps on annual apportionment to the Oklahoma Tourism Promotion Revolving Fund that previously increased from $5 million to $45 million over several fiscal years.

Removed specific dollar caps on annual apportionment to the Oklahoma Tourism Capital Improvement Revolving Fund that previously increased from $5 million to $45 million over several fiscal years.

Changed the apportionment percentages for the Teachers' Retirement System Dedicated Revenue Revolving Fund, adjusting the rate for fiscal years 2028 and later from 5.0% to 5.0% (no change in percentage but restructured the text).

TECHNICAL

Reorganized and renumbered the bill text, changing the effective date and emergency declaration language, and updating the title to reflect the removal of fiscal year limitations.

Introduced → Proposed Committee Substitute (full committee) 1 · 7 edits

MODERATE

This bill was amended by the House Committee to substantially restructure the apportionment of sales tax revenues. The committee substitute replaces the original text with a revised version that modifies how funds are distributed to various state funds, including changes to percentages for the General Revenue Fund, Education Reform Revolving Fund, Teachers' Retirement System, and tourism-related funds. The amendments also update fiscal year limits and caps for specific programs.

Scope change

The bill's scope remains focused on sales tax revenue apportionment, but the specific distribution percentages, fund allocations, and fiscal year limits have been modified.

FISCAL

Changed the percentage of sales tax revenue allocated to the General Revenue Fund from 83.36% for FY 2023-2027 to 83.61% for FY 2028 and thereafter.

Adjusted the allocation percentages for the Education Reform Revolving Fund, changing amounts from 10.42% to 10.46% for FY 2006-2020 and 11.96% for FY 2021.

Revised the Teachers' Retirement System Dedicated Revenue Revolving Fund allocations, increasing percentages from 5.0% to 5.25% for FY 2023-2027.

Updated the Oklahoma Tourism Promotion Revolving Fund cap from Five Million Dollars to Thirty Million Dollars for FY 2025, with subsequent increases to Thirty-five and Forty Million Dollars.

Modified the Oklahoma Tourism Capital Improvement Revolving Fund allocation percentages from 44% to 64% for amounts exceeding the initial cap.

Adjusted the Oklahoma Route 66 Commission Revolving Fund cap from Six Million Six Hundred Thousand Dollars to Six Million Dollars.

TIMELINE

Updated fiscal year references and effective dates throughout the apportionment schedule to reflect current legislative session dates.

Sales tax apportionment; modifying apportionment limit for the Oklahoma Tourism Promotion Revolving Fund; effective date; emergency.

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