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

Added specific eligibility criteria for sales tax credits based on project cost thresholds: 10% credit for projects between $500,000 and $1,000,000, and 25% credit for projects over $1,000,000.

Introduced new requirements for 'Entertainment District' projects, allowing approved companies to pass-through tax credits to tenants and mandating a joint filing of a written agreement with the Tax Commission.

Added an option for Entertainment District projects to receive an incentive payment based on sales tax collections instead of a direct sales tax credit.

Removed internal Senate amendment metadata, including the 'Committee Amendment' header, specific amendment cycle checkboxes, and the Senator's signature block.

The amendment instruction was expanded to explicitly require the deletion of all new language alongside the restoration of stricken language, ensuring the bill reverts to its prior state more thoroughly.

The document header was updated to include an additional space between the filing date/time label and the status tags.

The document metadata was updated, changing the date from March 10, 2025, to March 17, 2025, and the file status from a draft to a working draft.

Removed the official 'An Act' header and the full text of the enacted law, which previously defined the tourism tax credit rules.

Added amendment metadata, including a motion to restore stricken language, Senator Thompson's name, and a floor amendment timestamp.

Deleted the specific legal text detailing sales tax credit percentages ($500k-$1M projects get 10%, projects over $1M get 25%) and the $30 million annual funding cap.

The document header was updated from 'ENGROSSED SENATE' to 'ENROLLED SENATE' and a new 'SUBJECT' line was added, reflecting the bill's final passage.

Added a new option for projects over $1 million to receive an 'incentive payment' based on sales tax collections instead of a direct sales tax credit.

Modified the payout schedule for the new incentive payment to limit the approved company's receipt to a maximum of 10% of the total payment amount during each calendar year.

Added a restriction that the new incentive payment cannot exceed the actual increased state sales tax liability received by the Tax Commission.

Removed the specific language extending the sunset date for the inducement program found in the original introduction text.

Adjusted page numbering and formatting headers to reflect the bill's progression from 'Introduced' to 'Engrossed' status.