OklahomaHB 2781Oklahoma 2026 Regular SessionHouse

Economic development; creating the Reindustrialize Oklahoma Act of 2025; investment rebate program; creating the ROA-25 Revolving Fund and the ROA-25 Beneficiary Revolving Fund.

Sponsored By: Trey Caldwell (Republican)

Signed by Governor

Senate Committee

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

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

State annuity funds pay the rebates

The state creates two funds to run the program. The Treasurer uses the ROA‑25 Revolving Fund to buy an annuity after Commerce completes a feasibility study. The annuity pays equal yearly amounts into the Beneficiary Fund, which Commerce uses to pay approved rebates. When the Act ends on July 1, 2045, any unspent money in these funds goes to the General Revenue Fund.

Large manufacturers can get rebates

The law creates a rebate program through July 1, 2045. It targets very large manufacturing projects (NAICS 31–33). Your plan must invest at least $2 billion in Oklahoma on property after May 1, 2025. The project must add at least 700 new full‑time jobs in year one and at least 1,000 jobs each year starting in year two. You must also qualify under the Oklahoma Quality Jobs Program and have filed all required Oklahoma tax returns.

No double-dipping with Quality Jobs

If you get an ROA‑25 rebate for a project, you and your subsidiaries cannot also get quarterly Quality Jobs payments for that same project. You also cannot use the same investment spending to qualify more than one business for ROA‑25 payments.

15-year rebates, capped by fund size

If approved, the state pays the same amount each year for 15 years. Each yearly payment equals one‑fifteenth of the annuity payout. Commerce must verify you meet the rules each year to keep getting paid. The Department cannot promise or approve payments above the money expected in the rebate fund, and it must deny any claim that would exceed that amount.

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: 141 • No: 69

Senate vote • 5/22/2025

THIRD READING

Yes: 36 • No: 9

House vote • 5/20/2025

THIRD READING

Yes: 56 • No: 34

House vote • 5/19/2025

DO PASS

Yes: 21 • No: 5

Senate vote • 5/19/2025

Committee vote: Joint Committee on Appropriations and Budget

Yes: 16 • No: 9