HB 2443 Oklahoma House · 2026 Regular Session

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

HB 2443 increases Oklahoma's annual funding cap for film industry rebates from $30 million to $80 million. It sets specific spending limits: $7.5 million for productions under $7.5 million total cost, $22.5 million for larger productions, $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 for rebates and allows unused funds to carry over to the next fiscal year. This directly affects film production companies in Oklahoma that meet the spending thresholds for these incentives.

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

The bill was amended by a subcommittee to significantly increase funding limits for film production tax incentives in Oklahoma. The original bill proposed a $30 million annual cap, while the amended version raises the total annual limit to $80 million and adds specific sub-caps for different production types.

Scope change

The bill's scope changed from a general economic development incentive to a more specific revenue and taxation amendment focused on the Filmed in Oklahoma Act, with expanded funding authority.

FISCAL

Increased total annual rebate payment limit from $30 million to $80 million for all projects combined.

Added specific sub-limits: $7.5 million for small projects under $7.5 million budget, $22.5 million for larger projects, $10 million for live studio audience productions, and $8 million for films with budgets of $1 million or less.

TIMELINE

Changed effective date from November 1, 2025 to July 1, 2025.

TECHNICAL

Removed the 'noncodification' provision, meaning the law will now be added to the Oklahoma Statutes rather than remaining as a separate act.

REQUIREMENT

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

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Committee

Feb 3, 2025

Introduced

First Reading

lower

1 primary · 0 co-sponsors