Revenue and taxation; Oklahoma Film Enhancement Rebate Program; faith-based films; effective date.

HB 3348 modifies Oklahoma's Film Enhancement Rebate Program to allow faith-based films with total production costs of $2 million or less to qualify for rebates without meeting the standard $50,000 minimum budget requirement. This change specifically applies to productions defined as "faith-based" by the Oklahoma Film and Music Office, waiving the usual minimum spending threshold while keeping other eligibility rules intact. The bill does not alter the standard rebate rates (up to 35% of eligible costs) or the $20,000 music spending bonus for Oklahoma-based music. It would become effective November 1, 2026, if enacted.