Revenue and taxation; Large-scale Economic Activity and Development Act; repealer; funding; effective date; emergency.

HB 1352 repeals specific sections of Oklahoma’s 2022 Large-scale Economic Activity and Development Act and modifies the funding mechanisms for the related "LEAD Fund." It creates a dedicated fund in the State Treasury for the Oklahoma Tax Commission to manage rebates under the previous law, with unused funds required to transfer to the General Revenue Fund by specific deadlines (April 15, 2023, or upon the law’s expiration). The bill directly affects the Oklahoma Tax Commission and Department of Commerce, which administer the fund and rebate programs. It takes effect July 1, 2025, as an emergency measure.