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.

Added two new Senate sponsors (Hall and Haste) to the bill's authorship.

Added a new requirement for the Oklahoma Department of Commerce to submit an annual report to the Speaker of the House, President Pro Tempore of the Senate, and specific committee chairs and the Legislative Office of Fiscal Transparency.

Added a provision allowing the Oklahoma Department of Commerce and State Treasurer to promulgate rules to implement the act.

Updated the bill title from 'Proposed Committee Substitute' to 'Committee Substitute' and changed the request number from 13778 to 13813.

The threshold for new direct jobs required to qualify for the ROA-25 investment rebate program was changed from 700 jobs in year one to 1,000 jobs beginning in year two and continuing through the remainder of the program.

The entire text of the bill was replaced with a new version that reorganizes the layout and adds a declaration of an emergency, but the substantive policy language regarding the Reindustrialize Oklahoma Act of 2025 appears identical to the original.

Removed the 'ENGROSSED HOUSE' header and associated draft formatting lines.

Added the 'ENROLLED HOUSE' header and final page numbering to indicate the bill is ready for signature.

Adjusted line breaks and spacing to conform to the final enrolled bill format while keeping all legislative text unchanged.

The bill title and subject matter changed from a general 'Budget and Finance Act' to the 'Reindustrialize Oklahoma Act of 2025', indicating a specific focus on economic growth rather than broad fiscal management.

New definitions were added for key terms including 'Application', 'Available funds', 'Establishment', 'New direct job', and 'Qualified capital expenditure' to ensure consistent interpretation.

Specific eligibility criteria were established, requiring establishments to create at least 700 new direct jobs in the first year and 1,000 in subsequent years to qualify for investment rebates.

The investment rebate program is authorized to run until July 1, 2045, providing a long-term timeframe for economic development projects.

New requirements mandate annual reporting to legislative leaders and the creation of specific revolving funds to manage and track the program's finances.