SB575

Oklahoma SB575 amends the Oklahoma Local Development and Enterprise Zone Leverage Act to update reporting requirements and statutory language.

Oklahoma SB575 amends the Oklahoma Local Development and Enterprise Zone Leverage Act to update reporting requirements and statutory language. The bill requires the Oklahoma Department of Commerce to make available on its website information reported by enterprises or entities receiving payments. It mandates the Department to promulgate rules for administering the Act, including application procedures and fiscal neutrality. The bill also updates statutory language and sets an effective date of November 1, 2025.