All Roll Calls
Yes: 77 • No: 69
OklahomaHB 2781Oklahoma 2026 Regular SessionHouseWALLET
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
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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
Senate vote • 5/22/2025
THIRD READING
Yes: 0 • No: 9
House vote • 5/20/2025
Top_of_Page
Yes: 56 • No: 34
Senate vote • 5/19/2025
Top_of_Page
Yes: 0 • No: 12
House vote • 5/19/2025
DO PASS
Yes: 21 • No: 5
Senate vote • 5/19/2025
Top_of_Page
Yes: 0 • No: 9
Actions Timeline
Approved by Governor 05/28/2025
5/28/2025HouseSent to Governor
5/22/2025HouseEnrolled measure signed, returned to House
5/22/2025SenateEnrolled, signed, to Senate
5/22/2025HouseReferred for enrollment
5/22/2025HouseEngrossed measure signed, returned to House
5/22/2025SenateMeasure passed: Ayes: 36 Nays: 9
5/22/2025SenateJCR adopted
5/22/2025SenateDirect to Calendar
5/21/2025SenateFirst Reading
5/20/2025SenateEngrossed, signed, to Senate
5/20/2025HouseReferred for engrossment
5/20/2025HouseThird Reading, Measure passed and Emergency failed: Ayes: 56 Nays: 34; Ayes: 56 Nays: 34
5/20/2025HouseJCR adopted
5/20/2025HouseGeneral Order
5/20/2025HouseEmergency added
5/19/2025HouseJCR; Do pass, amended by committee substitute Joint Committee on Appropriations and Budget
5/19/2025HouseSecond Reading referred to Joint Committee on Appropriations and Budget
2/4/2025HouseCoauthored by Senator(s) Haste
2/3/2025HouseAuthored by Senator Hall (principal Senate author)
2/3/2025HouseAuthored by Representative Caldwell (Trey), Kane
2/3/2025HouseFirst Reading
2/3/2025House
Bill Text
Enrolled (final version)
5/22/2025
Engrossed
5/20/2025
Floor (House)
5/19/2025
House Committee Substitute
5/19/2025
House Joint Committee Report
5/19/2025
Introduced
1/16/2025
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