SB 1919 Oklahoma Senate · 2026 Regular Session

Oklahoma Tourism Development Act; increasing cumulative inducement per year. Effective date.

SB 1919 increases Oklahoma's annual cap on tourism development incentives from $30 million to $60 million. It affects tourism companies building attractions by allowing sales tax credits of up to 10% for projects under $1 million or 25% for larger projects, subject to revenue-neutrality rules (ensuring projects don't cost the state money). Entertainment District developers can also choose to receive incentive payments based on tenant sales tax collections, with a 10% annual payment limit. All incentives require verification of project costs and must not exceed the state's revenue-neutral threshold.

Issues: ✓ Budget & Taxes

Bill status passed 3 of 5 stages cleared

Introduction

Feb 2026

Committee Review

Apr 2026

Senate Passage

Mar 2026

House Passage

Governor

Introduced Feb 2, 2026 Last action Apr 13, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Engrossed → Proposed Committee Substitute (full committee) 1 · 6 edits

MODERATE

The bill was completely rewritten to shift its focus from tourism inducements to qualified equity investments. The new version extends the sunset date for tax incentives, increases the maximum investment cap from $25 million to $25 million per year (previously $25 million total), and introduces new definitions for accredited investors and venture capital companies.

Scope change

The bill's scope changed from a tourism-focused inducement program to a broader revenue and taxation measure focused on qualified equity investments in Oklahoma venture capital entities.

SCOPE

The bill title and subject matter changed from the Oklahoma Tourism Development Act to a revenue and taxation act focusing on qualified equity investments.

FISCAL

The maximum qualified equity investment limit was adjusted to allow up to $25 million per taxable year for investors, replacing the previous structure.

TIMELINE

The sunset provision for the tax deduction was extended to cover tax years 2022 through 2031.

DEFINITION

New definitions were added for 'accredited investor', 'eligible Oklahoma business venture', 'eligible Oklahoma venture capital company', 'lawful business entity', and 'qualified equity investment'.

ELIGIBILITY

Specific eligibility criteria for tourism attraction projects, entertainment district tenant parties, and sales tax credit pass-through agreements were removed.

REQUIREMENT

New requirements were added regarding the documentation of equity interests and restrictions on returning investments to accredited investors.

Floor votes · Senate Mar 16, 2026

How they voted

35–14

Passed · 1 other

Total votes 50

Mar 16, 2026

D Democratic9

8 Yea 1 Nay

88% Yea

R Republican41

27 Yea 13 Nay 1

65% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Apr 13, 2026

Lower · Passed

Recommendation to the full committee; Do Pass Appropriations and Budget Natural Resources Subcommittee

lower

Mar 31, 2026

Committee

Referred to Appropriations and Budget Natural Resources Subcommittee

lower

Mar 17, 2026

Introduced

First Reading

lower

Mar 17, 2026

Upper · Passed

Engrossed to House

upper

Mar 16, 2026

Committee

Referred for engrossment

upper

Mar 16, 2026

Upper · Passed

Measure passed: Ayes: 34 Nays: 13

upper

Mar 16, 2026

Introduced

General Order, Amended

upper

Feb 10, 2026

Committee

Referred to Appropriations

upper

Feb 10, 2026

Upper · Passed

Reported Do Pass as amended Economic Development, Workforce and Tourism committee; CR filed

upper

Feb 2, 2026

Introduced

First Reading

upper

2 primary · 0 co-sponsors