HB 2443 Oklahoma House · 2025 Regular Session

Economic development; Oklahoma Film Industry Incentive Act of 2025; effective date.

HB 2443 modifies Oklahoma's film industry incentive program by increasing the annual funding cap for rebates from $30 million to $80 million. It sets specific limits: $7.5 million for smaller productions under $7.5 million in costs, $22.5 million for larger projects, $10 million for live studio audience shows, and $8 million for low-budget films under $1 million. The bill requires productions to spend at least $50,000 to qualify and allows unused annual funds to roll over to future years. This affects film producers meeting these spending thresholds who seek state financial incentives for eligible projects.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Feb 4, 2025

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What changed between versions

Introduced → Proposed Committee Substitute (sub committee) 1 · 5 edits

MODERATE

This bill was amended to change its title from an 'Oklahoma Film Industry Incentive Act' to a 'Filmed in Oklahoma Act' and significantly revised the incentive funding structure. The original bill was replaced entirely with a new version that modifies existing tax law rather than creating new law. The changes establish specific annual rebate limits, create different funding tiers based on project budgets, and add a minimum expenditure threshold for eligibility.

Scope change

The bill's scope changed from creating new law to amending existing Oklahoma Statutes Section 3634, and the title was changed to reflect its focus on the 'Filmed in Oklahoma Act' rather than a new incentive act.

SCOPE

Bill title changed from 'Oklahoma Film Industry Incentive Act of 2025' to 'Filmed in Oklahoma Act of 2021' and changed from creating new law to amending existing Section 3634 of the Oklahoma Statutes.

FISCAL

Maximum annual rebate limit changed from $30 million to $80 million, with specific tiered allocations: $7.5 million for projects under $7.5 million budget, $22.5 million for projects $7.5 million or more, $10 million for live studio audience projects, and $8 million for films with budgets of $1 million or less.

ELIGIBILITY

Added a minimum expenditure threshold of $50,000 for production projects to be eligible for rebate payments.

TIMELINE

Effective date changed from November 1, 2025 to July 1, 2025.

REQUIREMENT

Added provision that any unused rebate amounts in a fiscal year will be carried forward to subsequent fiscal years.

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Committee

Feb 3, 2025

Introduced

First Reading

lower

1 primary · 0 co-sponsors