Oklahoma Local Development and Enterprise Zone Incentive Leverage Act; omitting sunset date. Effective date.

Removed the 'An Act' title page and the 'ENROLLED SENATE' designation, as this version is now the House floor draft.

Added a new header indicating the '2nd Session of the 60th Legislature (2026)' and 'HOUSE OF REPRESENTATIVES - FLOOR VERSION'.

Reordered the bill text to place the legislative header and session information before the main body of the law, which was previously at the bottom of the Senate version.

The sunset date provision was eliminated, meaning the incentives will remain in effect indefinitely unless repealed by future legislation.

Enterprises engaged in retail activity, which were previously prohibited for certain benefits, are now considered eligible for state matching payments under specific conditions.

County-wide aggregate investment limits were replaced with a tiered system: counties with populations under 100,000 have a minimum limit of $20 million, while all other counties have a maximum limit of $40 million.

A new cap was added for state local government matching payments, limiting the total amount to the net benefit rate multiplied by the taxable gross sales derived from the project.

Minor formatting and citation updates were made to align the text with the final enrolled version of the bill.

Explicitly allows retail enterprises engaged in activities otherwise prohibited by the Oklahoma Enterprise Zone Act to qualify for state matching payments under the Local Development Act.

Added a requirement for major tourism destination projects to certify that they meet specific criteria from Section 841 and to agree to fund an independent market and feasibility study.

Removed the requirement for local governmental entities to certify that projects generate a minimum of $1 million in payroll or $5 million in investment to qualify for matching payments.

Eliminated sunset date provisions, ensuring the incentive program remains in effect without a predetermined expiration.

Updated statutory references and formatting to align with the latest legislative session and corrected section numbering inconsistencies.