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OklahomaHB 2768Oklahoma 2026 Regular SessionHouse

Revenue and taxation; Oklahoma Quality Jobs Incentive Leverage Act; increasing certain limitation caps related to qualifying investment amounts.

Sponsored By: Trey Caldwell (Republican)

Became Law

Senate Committee

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Higher investment cap for large Oklahoma manufacturers

For qualifying large Oklahoma manufacturers, the facility modernization and retooling investment cap rises from $250 million to $700 million. Businesses must file a second election with the Oklahoma Department of Commerce that cannot be withdrawn. They generally must invest at least $100 million within five years after filing. Prior bond commitments can extend that deadline until payroll tax revenues are no longer committed to those debts. Businesses that complete at least 80% of spending by the deadline may receive one extra year.

Oklahoma manufacturers face broader property-tax exemption restrictions

The investment cap used for the program’s property-tax exemption restrictions rises from $500 million to $700 million. That cap includes money invested before the law took effect. The restrictions apply after a manufacturer files a second election that cannot be withdrawn and receives or can access covered state bond proceeds. The facility listed in its disclosure document is ineligible for the specified real or personal property-tax exemptions.

Sponsors & Cosponsors

Sponsor

  • Trey Caldwell

    Republican • House

Cosponsors

  • Chuck Hall

    Republican • Senate

  • John Haste

    Republican • Senate

  • John Kane

    Republican • House

Roll Call Votes

All Roll Calls

Yes: 136 • No: 49

Senate vote • 5/22/2025

THIRD READING

Yes: 31 • No: 15

House vote • 5/20/2025

THIRD READING

Yes: 58 • No: 30 • Other: 1

House vote • 5/19/2025

DO PASS

Yes: 24 • No: 4

Senate vote • 5/19/2025

Committee vote: Joint Committee on Appropriations and Budget

Yes: 23 • No: 0

Actions Timeline

  1. Becomes law without Governor's signature 05/29/2025

    5/29/2025House

  2. Sent to Governor

    5/22/2025House

  3. Enrolled measure signed, returned to House

    5/22/2025Senate

  4. Enrolled, signed, to Senate

    5/22/2025House

  5. Referred for enrollment

    5/22/2025House

  6. Engrossed measure signed, returned to House

    5/22/2025Senate

  7. Measure passed: Ayes: 31 Nays: 15

    5/22/2025Senate

  8. JCR adopted

    5/22/2025Senate

  9. Direct to Calendar

    5/21/2025Senate

  10. First Reading

    5/20/2025Senate

  11. Engrossed, signed, to Senate

    5/20/2025House

  12. Referred for engrossment

    5/20/2025House

  13. Third Reading, Measure passed and Emergency failed: Ayes: 58 Nays: 30; Ayes: 58 Nays: 30

    5/20/2025House

  14. JCR adopted

    5/20/2025House

  15. General Order

    5/20/2025House

  16. Emergency added

    5/19/2025House

  17. JCR; Do pass, amended by committee substitute Joint Committee on Appropriations and Budget

    5/19/2025House

  18. Second Reading referred to Joint Committee on Appropriations and Budget

    2/4/2025House

  19. Coauthored by Senator(s) Haste

    2/3/2025House

  20. Authored by Senator Hall (principal Senate author)

    2/3/2025House

  21. Authored by Representative Caldwell (Trey), Kane

    2/3/2025House

  22. First Reading

    2/3/2025House

Bill Text

  • Enrolled (final version)

    5/22/2025

    PDF

  • Engrossed

    5/20/2025

    PDF

  • Floor (House)

    5/19/2025

    PDF

  • House Committee Substitute

    5/19/2025

    PDF

  • House Joint Committee Report

    5/19/2025

    PDF

  • Introduced

    1/16/2025

    PDF

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