Rural Jobs Act; cap on capital investment tax credits; participation; eligibility.

Increased total available tax credits from $15 million to $200 million for new investments under the Oklahoma Rural Jobs Act

Changed effective date from July 1, 2025 to November 1, 2025

Clarified that the $15 million annual limit excludes credits carried forward from previous years

Added requirement that rural funds provide evidence of cash investment receipt within 95 days of certification notice

Changed document title from 'Floor Substitute' to 'Floor Version' and updated bill description to focus on capital investment tax credits

Added provision allowing rural funds to request written opinions from the Department on whether proposed investments qualify as eligible businesses

Replaced the original enrolled bill header with a floor substitute version indicating it was amended on the Senate floor.

Updated page numbering and formatting throughout the document to reflect the floor substitute version.

Changed the title section to include descriptive keywords about income tax credits, annual credit limitation, rural funds, effective date, and emergency.

Added an emergency clause declaring the bill effective immediately upon passage and approval, with a specific effective date of July 1, 2025.

Added co-sponsors (Lowe and Eaves) to the House sponsors list in the enrolled version.

Updated the bill title to include a descriptive summary of the act's provisions.

Added signature lines for the House, Senate, Governor, and Secretary of State to finalize the bill.

Changed page headers from 'ENGROSSED' to 'ENROLLED' to indicate final passage status.

Effective date changed from July 1, 2025 to November 1, 2025 for the main provisions of the act.

New provision authorizing an additional offering of up to $200 million in state tax credits for rural funds beginning July 1, 2025.

Bill title and section numbering were reorganized, with the original title removed and replaced with a new title focusing on income tax credits and effective dates.

The bill now explicitly expands the Oklahoma Rural Jobs Act program to include additional tax credit offerings beyond the original capital investment authority.

Effective date changed from November 1, 2025 to July 1, 2025, accelerating program implementation

Added emergency clause allowing the act to take effect immediately upon passage and approval

Added two House coauthors (Lowe and Eaves) to the bill sponsorship

Updated bill title and formatting to reflect Senate amendment status