Revenue and taxation; Oklahoma Advanced Manufacturing Incentive Act of 2025; time period; eligibility requirements; collaboration.

Bill title changed from 'Proposed Policy Committee Substitute' to 'Committee Substitute' indicating procedural progression through the legislative process

Page numbering and reference numbers updated from Req. No. 12300 to Req. No. 12941 reflecting new bill tracking

Formatting and line numbering adjusted to conform to House Committee Substitute standards

Added committee amendment header and adoption signature lines to document the legislative amendment process

The document format changed from 'Engrossed House Bill' to 'Proposed Policy Committee Substitute', indicating the bill has been amended by the House Policy Committee and is now in a different legislative stage.

Added committee amendment header and metadata including amendment submitter name (Scott Fetgatter), adoption date (2/10/2025), and committee reading clerk signature lines.

Removed the original Engrossed Bill header information including the original passage dates and presiding officer signatures from both House and Senate.

Reformatted the bill text with new page numbers and section numbering while maintaining the same substantive policy provisions regarding the Oklahoma Advanced Manufacturing Incentive Act of 2025.

Bill now specifically targets low-grade waste heat electrification technology manufacturers instead of general revenue and taxation matters.

Establishes a direct grant program capped at $20 million over five years, with $8 million annual incentive limits.

Creates two tiers of tax abatements: Tier 1 requires $10 million investment and 50 jobs for 30% abatement; Tier 2 requires $20 million investment and 100 jobs for 50% abatement.

Defines low-grade waste heat electrification technology as systems recovering waste heat below 200 degrees Celsius (400 degrees Fahrenheit) with advanced heat exchangers.

Sets program expiration date of July 1, 2030, and requires administrative rules within 90 days of effective date.

Added requirements for manufacturers to submit detailed applications and file annual reports on investments, jobs created, and progress toward state goals.