HB 2781: Economic development; creating the Reindustrialize Oklahoma Act of 2025; investment rebate program; creating the ROA-25 Revolving Fund and the ROA-25 Beneficiary Revolving Fund. - Oklahoma

House Committee Substitute → Floor (House) · 4 edits

MODERATE

The bill was converted from a House Committee Substitute version to the House Floor version, primarily involving formatting and pagination changes rather than substantive policy modifications. The core legislative content, including definitions, eligibility criteria, funding mechanisms, and program requirements for the Reindustrialize Oklahoma Act of 2025, remains unchanged.

TECHNICAL

Header formatting changed from 'STATE OF OKLAHOMA' to 'HOUSE OF REPRESENTATIVES - FLOOR VERSION' to indicate this is the floor version of the bill.

Pagination and page numbering were reorganized, with page markers moved from the bottom to the top of pages.

Line breaks and text alignment were adjusted throughout the document to fit the floor version formatting.

Added 'HB2781 HFLR' and 'BOLD FACE denotes Committee Amendments' headers to indicate this is the floor version with committee amendments.

Proposed Committee Substitute (full committee) 2 → House Committee Substitute · 4 edits

MODERATE

The bill was amended to add two new sponsors (Hall and Haste of the Senate) and update the request number from 13778 to 13813. The most significant substantive change is the addition of new reporting requirements for the Oklahoma Department of Commerce, which must now submit annual reports to multiple legislative leaders and the Executive Director of the Legislative Office of Fiscal Transparency.

Scope change

The bill's scope was expanded to include new Senate sponsors and enhanced reporting obligations for the Oklahoma Department of Commerce regarding the Reindustrialize Oklahoma Act of 2025.

ELIGIBILITY

Added Hall and Haste of the Senate as co-sponsors to the bill, expanding legislative support.

TECHNICAL

Updated the request number from 13778 to 13813 to reflect the new committee substitute version.

REQUIREMENT

Added new reporting requirements (Section 22) mandating that the Oklahoma Department of Commerce submit annual reports to the Speaker of the House, President Pro Tempore of the Senate, Chair of the Appropriations and Budget Committee, Chair of the Senate Appropriations Committee, and the Executive Director of the Legislative Office of Fiscal Transparency.

Added provisions (Sections 5D through 10) allowing the Department of Commerce and State Treasurer to promulgate rules and establishing eligibility criteria for ROA-25 investment rebate payments.

Proposed Committee Substitute (full committee) 1 → Proposed Committee Substitute (full committee) 2 · 3 edits

MINOR

The bill was amended to update administrative tracking numbers and adjust job creation thresholds for the ROA-25 investment rebate program. The most significant change is the addition of a new job creation requirement of 1,000 new direct jobs starting in year two of the rebate payment period, while maintaining the original 700 job threshold for year one. This modification ensures continued eligibility for the program beyond the initial year by requiring sustained job creation.

Scope change

The program's eligibility requirements were expanded to include a second-year job creation threshold, affecting establishments seeking continued participation in the investment rebate program.

ELIGIBILITY

Added a requirement of 1,000 new direct jobs beginning in year two and throughout the remainder of the rebate payment period

REQUIREMENT

Adjusted the job creation threshold structure to include both year one (700 jobs) and year two onwards (1,000 jobs) requirements

TECHNICAL

Updated document tracking numbers from Req. No. 13580 to Req. No. 13778 and revised document version identifiers from FULLPCS1 to FULLPCS2

Enrolled (final version) → Proposed Committee Substitute (full committee) 1 · 3 edits

MINOR

The bill was amended to replace the entire original text with a new version that maintains the same core purpose of creating an economic development incentive program. The substantive policy content appears largely unchanged, with the primary differences being formatting, page numbering, and committee amendment markup rather than actual policy modifications.

TECHNICAL

Formatting and page numbering were updated to reflect the committee substitute version, including new header information and page references.

Committee amendment markup was added showing the document is a proposed substitute version rather than the enrolled final version.

Minor spacing and line break adjustments were made throughout the text for formatting consistency.

Engrossed → Enrolled (final version) · 3 edits · May 28, 2025

MINOR

The bill was finalized from its Engrossed version with minor formatting and structural adjustments. The substantive policy content, including program thresholds, definitions, and eligibility criteria, remained unchanged between versions.

Scope change

No substantive changes to the bill's scope or applicability; only formatting and structural elements were modified.

TECHNICAL

Removed redundant page headers and formatting markers from the Engrossed version to create a clean Enrolled final version.

Adjusted line breaks and spacing in the title and summary sections for final publication standards.

POLICY

All substantive policy provisions, including the $2 billion capital expenditure threshold, 700/1000 job requirements, program duration through 2045, and eligibility criteria, remained identical.

Economic development; creating the Reindustrialize Oklahoma Act of 2025; investment rebate program; creating the ROA-25 Revolving Fund and the ROA-25 Beneficiary Revolving Fund.

What changed between versions

How they voted

Actions timeline

Sponsors