SB 575 Oklahoma Senate · 2026 Regular Session

Oklahoma Local Development and Enterprise Zone Leverage Act; prescribing reporting requirements. Effective date.

SB 575 amends Oklahoma's enterprise zone incentive program to require businesses and local governments receiving state matching payments to submit annual reports to the Oklahoma Department of Commerce. These reports must include details on new jobs, payroll amounts, and capital investment made within enterprise zones or tourism projects. The bill also mandates that the Department of Commerce make all reported data publicly available online. It updates existing rules to ensure transparency about how incentive funds are used, directly affecting businesses expanding in designated zones and local governments approving qualifying projects.
Bill status signed all 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
Senate Passage
Mar 2025
House Passage
May 2025
Signed into Law
May 2025
Introduced Feb 3, 2025 Signed May 14, 2025
Maddy AI version diff · 4 comparisons

What changed between versions

Floor (House) Floor (Senate) · 4 edits
MODERATE
This bill version was revised from the House floor version to the Senate floor version, primarily adding new eligibility criteria for state matching payments and clarifying the scope of projects that qualify for incentives. The changes expand eligibility to include projects supporting major tourism destinations and add specific restrictions on retail development to prioritize food access in low-income areas.
Scope change
The bill's scope was expanded to include major tourism destination projects as eligible for state matching payments, while adding new restrictions on retail development to ensure healthy food access in underserved communities.
ELIGIBILITY

Added eligibility for state matching payments for projects supporting major tourism destinations that meet specific criteria outlined in Section 841.

Added restrictions preventing matching payments for developments where more than 50% of leasable space is used for retail purposes, except for grocery or specialty food stores that provide healthy nutrition options in low-income areas.

REQUIREMENT

Modified eligibility requirements to include certification that tourism projects meet applicable criteria and agreements to fund required studies conducted by independent consultants.

DEFINITION

Added new subsections defining computation methods for matching payments based on county population estimates from the United States Bureau of the Census.

Floor votes · Senate Mar 13, 2025 · House May 6, 2025

How they voted

442
Passed · 3 other
Total votes 49
Mar 13, 2025
D Democratic9
8 Yea 1
88% Yea
R Republican40
36 Yea 2 Nay 2
90% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
23
Key actions
6
Committee
6
May 6, 2025
Committee
Referred for enrollment
upper
May 6, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 66 Nays: 24
lower
Apr 17, 2025
Lower · Passed
CR; Do Pass Commerce and Economic Development Oversight Committee
lower
Apr 8, 2025
Lower · Passed
Policy recommendation to the Commerce and Economic Development Oversight committee; Do Pass Business
lower
Apr 1, 2025
Committee
Referred to Business
lower
Mar 17, 2025
Introduced
First Reading
lower
Mar 17, 2025
Upper · Passed
Engrossed to House
upper
Mar 13, 2025
Committee
Referred for engrossment
upper
Mar 13, 2025
Upper · Passed
Measure passed: Ayes: 42 Nays: 2
upper
Feb 19, 2025
Upper · Passed
Reported Do Pass Economic Development, Workforce and Tourism committee; CR filed
upper
Feb 3, 2025
Introduced
First Reading
upper
2 primary · 0 co-sponsors

Sponsors