Incentive Evaluation Commission; modifying required considerations for estimate of economic and fiscal impact.

SB 1990 modifies how Oklahoma evaluates business incentive programs (like tax breaks or grants) by updating the criteria the Incentive Evaluation Commission must use. It requires the Commission to assess whether incentives actually change business behavior, measure their statewide economic impact (including effects on other businesses), and compare results to similar programs in Oklahoma and other states. The bill also mandates that the Commission submit annual reports by December 15 to state leaders, including specific recommendations on whether each incentive should be kept, changed, or eliminated. These reports must be publicly available online and include detailed analysis of each incentive’s cost, effectiveness, and alignment with Oklahoma’s economic goals. The bill directly affects state agencies administering incentives and the Commission, which must now follow these updated evaluation standards.