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OK SB1826
OK SB1826Oklahoma Local Development and Enterprise Zone Incentive Leverage Act; omitting sunset date. Effective date.
summary
Introduced
02/02/2026
02/02/2026
In Committee
02/17/2026
02/17/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
An Act relating to development incentives; amending 62 O.S. 2021, Sections 842, as last amended by Section 1, Chapter 203, O.S.L. 2025, and 843 (62 O.S. Supp. 2025, Section 842), which relate to the Oklahoma Local Development and Enterprise Zone Incentive Leverage Act; eliminating sunset date provisions; updating statutory reference; updating statutory language; and providing an effective date.
AI Summary
This bill amends the Oklahoma Local Development and Enterprise Zone Incentive Leverage Act by removing the sunset date, meaning the incentives provided by the act will no longer expire on a specific date. The Act offers state matching payments to businesses locating or expanding within designated enterprise zones and to local governments that approve projects supporting these zones or major tourism destinations. These incentives are designed to encourage economic development and investment within the state. The bill also makes technical updates to statutory references and language within the existing law, and it specifies an effective date of November 1, 2026.
Committee Categories
Labor and Employment
Sponsors (2)
Last Action
Placed on General Order (on 02/19/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.oklegislature.gov/BillInfo.aspx?Bill=sb1826&Session=2600 |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20FLR/SFLR/SB1826%20SFLR.PDF |
| Fiscal Note/Analysis - Senate: Introduced | https://www.oklegislature.gov/cf_pdf/2025-26%20SUPPORT%20DOCUMENTS/BILLSUM/Senate/SB1826%20INT%20BILLSUM.PDF |
| BillText | https://www.oklegislature.gov/cf_pdf/2025-26%20INT/SB/SB1826%20INT.PDF |
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