Income tax credit; defining "strategic finance partner." Effective date.

Removed the requirement for the Oklahoma Tax Commission to promulgate rules and replaced it with a requirement for the Oklahoma Department of Commerce to create rules for verifying project eligibility and approving expenditures.

Deleted a provision requiring the eligible taxpayer and project affiliate to jointly file a copy of the written credit assignment agreement with the Oklahoma Tax Commission within 30 days.

Clarified that the $6 million total project tax credit cap applies to the aggregate sum of qualified economic development and qualified initial infrastructure expenditures combined, rather than as separate limits.

Adjusted the bill header from 'Engrossed Senate' to 'Enrolled Senate' and updated the page numbering and formatting to reflect the final version ready for signing.

The document header was updated to reflect the 'Engrossed' status and included the names of the Senate and House sponsors, while removing the 'As Introduced' label.

Page numbering and tracking numbers (e.g., 'Req. No. 2825') were replaced with the official 'ENGR. S. B. NO. 1992' identifier to match legislative formatting standards.

Minor whitespace and line break adjustments were made throughout the text, but the legal wording and structure of the tax credit provisions were not altered.