Development incentives; requiring business entity receiving certain funds to pay specified amounts to certain political subdivisions. Effective date.

SB 1900 requires businesses receiving specific state incentives or direct funding (like tax credits or grants under programs such as the Oklahoma Quality Jobs Program or Filmed in Oklahoma Act) to pay 5% of the incentive value to the local government where their project is located. This payment must go to the town, city, or county based on the project’s location, with specific rules for areas outside municipalities but using municipal infrastructure. Funds received must be spent exclusively on infrastructure projects like roads, utilities, or public facilities. The bill applies to businesses receiving incentives under 10 specific Oklahoma statutes and takes effect November 1, 2026.