Revenue and taxation; automobile manufacturing tax credit; repeal; effective date.

HB 3376 repeals a tax credit provision for automobile manufacturers in Oklahoma, specifically eliminating 68 O.S. 2021, Section 2357.404. This action directly affects auto manufacturers who previously used this credit to reduce their state tax liability. The bill’s key mechanism is the formal repeal of the statute, effective November 1, 2026, ending the financial incentive without creating new provisions. The change is purely procedural, with no new requirements or benefits introduced.