Community development; Community Quality of Life Enhancement Act; findings; applications; purposes; Community Quality of Life Enhancement Revolving Fund; revenue; income tax; effective date; emergency.

HB 1843 creates the Community Quality of Life Enhancement Revolving Fund, funded by a 0.25% increment on individual income tax revenue, with a $250 million cap. Local communities (via their appointed boards) can apply to the Oklahoma Department of Commerce for funds to improve infrastructure, parks, public transit, cultural centers, public art, or environmental projects. The fund operates as a continuing revolving account, with excess revenue after reaching the cap redirected to other state funds per existing law. The bill takes effect July 1, 2025, and applies to all eligible Oklahoma communities seeking quality-of-life improvements.