Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
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2 1st Session of the 60th Legislature (2025)
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3 SENATE BILL 471 By: Kirt
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6 AS INTRODUCED
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7 An Act relating to economic incentives; amending 62
7 O.S. 2021, Section 46A, which relates to enactment of
8 economic incentives; expanding requirements for, and
8 application of, certain provisions after specified
9 date; modifying definition; adding definition; and
9 providing an effective date.
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12 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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13 SECTION 1. AMENDATORY 62 O.S. 2021, Section 46A, is
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14 amended to read as follows:
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15 Section 46A. All economic incentive provisions enacted after
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16 January 1, 2016, the effective date of this act and all economic
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17 incentive provisions reauthorized or extended beyond a provided date
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18 of expiration after the effective date of this act shall include a
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19 measurable goal or goals and, for an incentive claimed as a credit,
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20 a limitation on the duration of the provision to ten (10) or fewer
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21 years. For the purposes of this act, "incentive" shall include
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22 section:
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23 1. "Incentive" means any provision available to be used by
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24 designed to benefit a business entity in the form of:
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Req. No. 239 Page 1
1 a. a credit, exemption, deduction, or rebate pertaining
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2 to a state tax liability of any kind; including a
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3 credit for an employee whose qualification is based on
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4 a specific degree, certification, or state license, or
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5 due to employment by an entity classified under a
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6 specific North American Industry Classification System
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7 code,
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8 b. any grant, loan, or financing program offered by the
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9 state or a state-beneficiary public trust;, or
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10 c. any program for incentive payments from the state; and
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11 2. "Measurable goal" means a statement about the expected long-
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12 term result of an incentive, intended for use as a foundation for
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13 data collection, comparison, and evaluation.
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14 SECTION 2. This act shall become effective November 1, 2025.
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16 60-1-239 QD 1/19/2025 5:37:04 AM
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Req. No. 239 Page 2Every fact on this page links to its source, starting with the official bill record.