Oklahoma SB471 mandates measurable goals and duration limits for economic incentives enacted after January 1, 2016.
Oklahoma SB471 amends economic incentive provisions enacted after January 1, 2016, to include measurable goals and duration limits. The bill defines "incentive" to include grants, loans, financing programs, and incentive payments. It requires all economic incentives to have measurable goals for data collection and evaluation. For credits, the bill limits the duration of incentives to ten years or fewer. This act becomes effective November 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.