HB3942

Oklahoma HB3942 amends the Incentive Evaluation Commission's procedures for evaluating economic incentives.

Oklahoma HB3942 modifies the procedures of the Incentive Evaluation Commission regarding economic incentives. The bill mandates the Commission to develop a four-year evaluation schedule for incentives, considering fiscal impacts. It requires evaluations to include economic and fiscal impact estimates, assessment of incentive effectiveness, and recommendations for achieving goals. The Commission can contract with private entities for evaluations and must present findings to the Legislative Office of Fiscal Transparency.