Budget & Taxes (Economic Development)

passed · Oklahoma · House Apr 29, 2026

HB 4215: Revenue and taxation; Filmed in Oklahoma Act of 2021; expenditure requirements for incentive eligibility; effective date.

HB 4215 establishes the "Oklahoma Film, Television and Music Incentives Act of 2026," creating a new economic development program for the state's film, television, and music industries. The bill formally names the incentive program and sets its effective date as November 1, 2026. It does not detail specific financial incentives or eligibility rules in the provided text. This legislation directly affects producers and businesses in Oklahoma's entertainment sector by establishing a framework for potential future incentives. The bill is currently in early committee review with no specific provisions outlined beyond its name and effective date.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes economic development incentives for film, television, and music industries, promoting state revenue growth and business investment through tax incentive framework.75% confidence

Sub-Topics Government Spending Tax Incentives Tags Economic Development

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signed · Oklahoma · House May 28, 2025

HB 2781: 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.

HB 2781, the Reindustrialize Oklahoma Act of 2025 (ROA-25), creates a new economic development program offering rebates to qualifying manufacturing businesses. It requires applicants to commit to $2 billion in capital investments and create at least 700 new jobs in the first year (rising to 1,000+ annually), targeting businesses in manufacturing sectors (NAICS 31-33). The Oklahoma Department of Commerce administers the program, disbursing rebates from a dedicated fund (ROA-25 Beneficiary Revolving Fund) after verifying job creation and capital spending. The bill prohibits recipients from also claiming other state incentives like the Quality Jobs Program for the same project. The act was approved by the Governor on May 28, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax rebates for qualifying manufacturing businesses through dedicated funds, providing direct tax relief to incentivize economic development and capital investment.95% confidence

Tags Economic Development

in committee · Oklahoma · Senate Feb 3, 2026

SB 1779: Economic development; directing the Oklahoma Department of Commerce to allocate monies for certain purposes. Effective date. Emergency.

SB 1779 requires Oklahoma's Department of Commerce to allocate 30% of state economic development funding to rural counties with populations under 50,000 (based on the latest federal census). This allocation applies to all funding requests submitted to the Legislature and to funds received by the Department. If funds designated for these rural counties remain unspent after 18 months, the Department may redirect them to other economic development projects statewide. The bill defines "economic development" broadly as efforts to boost income, jobs, and infrastructure through sustainable growth, but does not specify new programs or funding levels.

Topics ✓ Budget & TaxesSupports Budget & TaxesDirects 30% of economic development funds to rural counties, ensuring targeted budget allocation for fiscal management and equitable resource distribution.90% confidence

Tags Economic Development Rural Communities

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signed · Oklahoma · Senate May 6, 2026

SB 1826: Oklahoma Local Development and Enterprise Zone Incentive Leverage Act; omitting sunset date. Effective date.

SB 1826 removes the expiration date for Oklahoma's Enterprise Zone incentive program, making the tax credits and matching payments permanent. It directly affects businesses locating or expanding within designated enterprise zones and local governments approving projects in those areas. Key provisions include setting a $200,000 annual cap on state payments per business, establishing county-specific investment limits ($20-40 million), and requiring local governments to prove projects will generate at least $1 million in payroll or $5 million in investment. The bill also clarifies eligibility for tourism projects and restricts retail development (except for healthy food stores in low-access areas). This update maintains existing incentive structures while eliminating the program’s automatic termination.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill makes enterprise zone tax credits permanent with spending caps, sustaining business incentives within fiscal limits92% confidence

Sub-Topics Tax Incentives Tags Economic Development

passed · Oklahoma · Senate Apr 13, 2026

SB 1919: Oklahoma Tourism Development Act; increasing cumulative inducement per year. Effective date.

SB 1919 increases Oklahoma's annual cap on tourism development incentives from $30 million to $60 million. It affects tourism companies building attractions by allowing sales tax credits of up to 10% for projects under $1 million or 25% for larger projects, subject to revenue-neutrality rules (ensuring projects don't cost the state money). Entertainment District developers can also choose to receive incentive payments based on tenant sales tax collections, with a 10% annual payment limit. All incentives require verification of project costs and must not exceed the state's revenue-neutral threshold.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credits for tourism development (10-25% sales tax relief) under revenue-neutral rules, providing tax relief to businesses.90% confidence

Sub-Topics Sales Tax Tax Incentives Tags Economic Development

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in committee · Oklahoma · House Feb 3, 2026

HB 4216: Economic development; Oklahoma Film, Television and Music Incentives Act of 2026; effective date.

HB 4216 establishes the "Oklahoma Film, Television and Music Incentives Act of 2026," creating a new state program to provide economic development incentives for the film, television, and music industries. The bill directly affects producers, studios, and creative businesses seeking to film or record in Oklahoma. It sets an effective date of November 1, 2026, for the incentives program to begin. No specific incentive mechanisms (like tax credits or grants) are detailed in the provided text.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates state incentives program for film/TV/music, implying tax credits/grants which are fiscal support mechanisms for economic development.85% confidence

Sub-Topics Tax Incentives Tags Economic Development

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passed · Oklahoma · House Apr 1, 2026

HB 4337: Revenue and taxation; Quality Events Act; definition; effective date.

HB 4337 amends Oklahoma's Quality Events Act to clarify definitions and requirements for economic development incentives tied to major events. It defines key terms like "quality event" (e.g., national championships, televised events) and "economic impact study," which must verify additional sales tax revenue generated by the event. The bill requires local governments to use these studies to confirm tax revenue increases before providing financial support to event promoters. This affects certified sponsors (event organizers) and local governments that fund or support qualifying events, ensuring incentives align with measurable economic benefits.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires economic impact studies to verify tax revenue increases before public funding, promoting fiscal responsibility in budget allocation for event incentives.95% confidence

Sub-Topics Revenue Sales Tax Tax Incentives Tags Economic Development

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in committee · Oklahoma · Senate Feb 3, 2026

SB 1900: 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.

Topics ✓ Budget & TaxesSupports Budget & TaxesRequires businesses receiving tax incentives to share 5% with local governments, promoting fiscal responsibility and directing funds to community projects per location.90% confidence

Sub-Topics Tax Incentives Tags Economic Development

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in committee · Oklahoma · House Feb 3, 2026

HB 3775: Economic development; Entertainment District Incentive and Promotion Act of 2026; effective date.

HB 3775, the "Entertainment District Incentive and Promotion Act of 2026," creates a tax incentive program for businesses operating in designated entertainment districts across Oklahoma. The bill authorizes state tax credits to support economic development in these areas, directly affecting businesses that qualify as part of a designated entertainment district. Key provisions establish the framework for the incentive program, including its effective date of November 1, 2026, and specify the act will not be codified in Oklahoma Statutes. The bill does not detail specific districts or credit amounts but provides the legal foundation for future implementation by state authorities.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill authorizes state tax credits for businesses in entertainment districts, providing direct tax relief to stimulate economic development under fiscal incentives.92% confidence

Sub-Topics Tax Incentives Tags Economic Development

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in committee · Oklahoma · Senate Feb 3, 2026

SB 1848: Incentives; prohibiting certain districts from including the property of certain establishments in Local Development Act; excluding certain entities from ad valorem exemption. Effective date.

SB 1848 amends Oklahoma's Local Development Act to restrict property tax incentives and exemptions. It prohibits tax breaks for specific businesses, including retail establishments (NAICS codes 518210 and 221114-221117) and certain entertainment venues, while limiting manufacturing facility tax exemptions to a 25-year period. The bill also requires local governments to report annual details on incentive recipients, property values, and expenditures to the Oklahoma Department of Commerce. These changes directly affect local governments administering tax incentives and businesses in designated reinvestment areas.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill restricts tax incentives for specific businesses and limits exemptions, closing loopholes and promoting fiscal responsibility through mandatory reporting requirements.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives Tags Economic Development

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