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

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

MINOR

The bill was amended by a committee substitute that replaces the entire original text with a new version. The substantive policy content regarding sales tax revenue apportionment appears to remain largely the same, though there are minor formatting changes and a slight modification to the percentage allocation for the Teachers' Retirement System Revolving Fund in FY 2022.

Scope change

The bill's scope remains focused on amending 68 O.S. 2021, Section 1353 to govern how sales tax revenues are distributed to various state funds and programs.

TECHNICAL

The entire bill text was replaced with a committee substitute version, which is a procedural change to the bill format rather than a substantive policy change.

FISCAL

The percentage allocation for the Teachers' Retirement System Dedicated Revenue Revolving Fund was changed from 5.0% to 5.25% for fiscal years 2023 through 2027.

Proposed Committee Substitute (full committee) 3 → Proposed Committee Substitute (full committee) 4 · 5 edits

MODERATE

The bill was amended to update the fiscal year allocation percentages for Oklahoma sales tax revenues. The primary change involves adjusting the distribution amounts for various funds, including the General Revenue Fund, Education Reform Revolving Fund, and Teachers' Retirement System Dedicated Revenue Revolving Fund, with specific percentage changes and revised fiscal year ranges.

Scope change

The scope of the bill remains focused on Oklahoma sales tax revenue apportionment, but the specific fiscal year periods and percentage allocations have been modified to reflect updated financial planning.

FISCAL

General Revenue Fund allocation percentages were adjusted, changing FY 2023 through FY 2027 from 83.36% to 83.48% and FY 2028 and thereafter from 83.61% to 83.48%.

Education Reform Revolving Fund percentages were modified, with FY 2028 and thereafter changing from 10.46% to 10.48%.

Teachers' Retirement System Dedicated Revenue Revolving Fund percentages were updated, including changes to FY 2028 and thereafter from 5.0% to 5.0% and modifications to the FY 2021 allocation structure.

New allocation provision added for the Oklahoma Route 66 Commission, directing 32% of certain sales tax revenues to this fund.

TIMELINE

Fiscal year ranges were adjusted in multiple sections, with some years being consolidated or restructured to align with updated budget planning periods.

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

MODERATE

This bill revision updates the apportionment percentages for Oklahoma sales tax revenues across multiple fiscal years and funds. The changes adjust how much money goes to the General Revenue Fund, Education Reform Revolving Fund, Teachers' Retirement System, and various tourism-related funds, with specific percentage changes for each fiscal year period.

Scope change

The bill's scope remains focused on Oklahoma sales tax revenue distribution, but the specific percentages and fiscal year allocations have been modified to reflect updated funding priorities.

FISCAL

General Revenue Fund apportionment percentages changed from 86.04% for FY 2003-2004 to 83.61% for FY 2028 and later years, with intermediate percentages for each fiscal year period.

Education Reform Revolving Fund percentages adjusted, with FY 2021 split into two periods (10.46% for July-August and 11.96% for September-June), and FY 2022+ set at 10.46%.

Teachers' Retirement System Dedicated Revenue Revolving Fund percentages increased from 5.0% for FY 2008-2020 to 5.25% for FY 2023-2027, with FY 2028+ returning to 5.0%.

Tourism-related fund allocations modified, including Oklahoma Tourism Promotion Revolving Fund cap and Oklahoma Tourism Capital Improvement Revolving Fund cap adjustments.

TECHNICAL

Document metadata updated with new request number (12767) and revised timestamp (2/20/2025), indicating this is a committee substitute revision.

Proposed Committee Substitute (full committee) 1 → Proposed Committee Substitute (full committee) 2 · 5 edits

MODERATE

The bill was amended to expand the apportionment of sales and use tax revenues to the Oklahoma Tourism Promotion Revolving Fund and Oklahoma Tourism Capital Improvement Revolving Fund by removing fiscal year limitations. The amendment also adds a new allocation to the Oklahoma Route 66 Commission Revolving Fund and adjusts percentage allocations for the Teachers' Retirement System and Education Reform Revolving Fund across different fiscal years.

Scope change

The bill now applies to a broader range of tourism-related funds by removing previous fiscal year caps on revenue apportionment and adding a new fund recipient.

FISCAL

Removed fiscal year limitations on apportionment to the Oklahoma Tourism Promotion Revolving Fund and Oklahoma Tourism Capital Improvement Revolving Fund, allowing unlimited revenue allocation to these funds going forward.

Added a new allocation of 32% of tax revenues to the Oklahoma Route 66 Commission Revolving Fund, with a $9 million annual cap.

Adjusted percentage allocations for the Teachers' Retirement System Dedicated Revenue Revolving Fund, changing amounts from 5.0% to 5.25% for FY 2023-2027 and 5.0% for subsequent years.

Modified Education Reform Revolving Fund allocations, changing FY 2028 and subsequent years from 10.46% to 10.4648% and adjusting FY 2025-2026 amounts.

Updated Oklahoma Tourism Promotion Revolving Fund allocation caps, increasing from $5 million to $30 million for FY 2025, $35 million for FY 2026, and $40 million for FY 2027.

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

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