that will keep tickets to Oklahoma City Hornets games
among the lowest in the league and complete the incentive
package that helped lure the National Basketball Association
team to the Ford Center earlier this year passed out of
the Senate Finance Committee Tuesday.
Senate Bill 1022 is authored by Senate President Pro Tempore
Morgan. The measure exempts tickets to NBA and NHL
games in Oklahoma from sales tax.
“One of the biggest reasons the Hornets have been
one of the best draws in the NBA, averaging 18,000 fans
a game, is because tickets in Oklahoma City are among
the cheapest in the league. This legislation will ensure
that continues to be the case by exempting ticket sales
from sales tax,” said Morgan, D-Stillwater.
Senate and House leaders, along with representatives of
Governor Henry’s office, reached an agreement on
the sales tax exemption last fall during negotiations
to bring the team to Oklahoma from New Orleans in the
wake of Hurricane Katrina. Morgan said Tuesday that he
doesn’t anticipate the legislation facing any hurdles
when it reaches the House and is certain Governor Henry
will sign it once it gets to his desk.
The Senate Leader said he doesn’t have any inside
information about the possibility that the Hornets will
stay in Oklahoma City past next season, but said like
every other basketball fan he’s hopeful that support
from state, the city, and, most of all, the thousands
of Oklahomans who buy the tickets will make the decision
easier for the team and the league.
“The Hornets are a great success story. Oklahoma
has embraced the team. Hopefully, by putting incentives
– like exempting tickets from sales tax –
into law, we can send a message to the team ownership
and league offices that we are serious about keeping the
Hornets in Oklahoma City,” Morgan said.
The Senate leader said SB 1022 is expected to be considered
by the full Senate Wednesday, where passage would send
it to the House.
more information contact:
Senate President Pro Tem's Office - (405) 521-5605