Sales and use tax apportionment; modifying apportionment for Oklahoma Historical Society. Effective date. Emergency.

SB 38 modifies Oklahoma's sales tax revenue distribution for tourism-related funds. It directs 0.87% of sales tax revenue (starting FY 2022) to three specific revolving funds: 24% to the Tourism Promotion Fund (capped at $5 million annually), 44% to the Tourism Capital Improvement Fund (capped at $9 million), and 32% to the Route 66 Commission Fund (capped at $6.6 million). These allocations apply to each fiscal year beginning July 1, 2022, and beyond, with annual spending limits to prevent exceeding the specified caps. The bill does not affect the Oklahoma Historical Society, as referenced in the title but not in the actual provisions.