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

The document header was changed from 'ENGROSSED HOUSE BILL' to 'PROPOSED POLICY COMMITTEE SUBSTITUTE', indicating this is a committee's working version rather than the final version passed by the legislature.

Page numbering and formatting were reorganized to reflect the committee substitute format, with new page references and tracking numbers added.

Committee amendment metadata was added, including the amendment submitter's name (Scott Fetgatter), adoption date (2/10/2025), and committee approval signature lines.

The original engrossed bill's passage dates and signatures from the House and Senate were removed, as this is a committee substitute version that has not yet been passed by the legislature.

Added specific focus on low-grade waste heat electrification technology manufacturing, replacing the previous broad revenue and taxation language.

Created two investment tiers requiring $10M and $20M investments with corresponding 30% and 50% tax abatements and job creation requirements.

Established a $20M direct grant program capped at $8M per fiscal year with rollover provisions.

Defined low-grade waste heat electrification technology as recovering heat below 200°C or 400°F for OEM applications.

Set a five-year program term ending July 1, 2030, with annual reporting and rulemaking requirements.

Added requirements for annual reporting, workforce development collaboration, and administrative rule promulgation within 90 days.

Changed the bill header from 'PROPOSED POLICY COMMITTEE SUBSTITUTE' to 'COMMITTEE SUBSTITUTE FOR HOUSE BILL NO. 2402', indicating the bill has been reviewed and amended by the House committee.

Updated the bill title section to include 'revenue and taxation - Oklahoma Advanced Manufacturing Incentive Act of 2025 - establishing time period - eligibility requirements - collaboration - effective date - emergency' as a descriptive subtitle.

Changed the bill citation from '60-1-12300 AO 02/06/25' to '60-1-12941 GRS 02/25/25', reflecting the new House Committee Substitute number and date.

Updated page numbers and request numbers from 'Req. No. 12300' to 'Req. No. 12941' throughout the document.