Bill > HB1970

This bill amends Oklahoma's existing film production incentive program by adding two new financial incentives to encourage film and television production in the state. Specifically, the bill introduces a two percent incentive for projects that obtain commercial banking services from an Oklahoma-chartered bank for the duration of their project, and a five percent incentive for projects with faith-based content or those that promote core family values. These new incentives are added to the existing range of production incentives, which already include bonuses for filming in rural counties, using local soundstages, producing television series, and completing post-production work in Oklahoma. The total incentive package remains capped at 30% of qualified production expenditures, maintaining the program's existing overall structure. The bill is set to become effective on July 1, 2025, and contains an emergency clause, indicating its immediate importance to the state's economic development and entertainment industry strategy. The changes are part of the state's ongoing efforts to attract film and television production by offering financial incentives to production companies.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1970&Session=2600