Bill > HB3942

This bill modifies the responsibilities of the Incentive Evaluation Commission, which is tasked with reviewing state-provided incentives to businesses. Key changes include requiring the Commission and its contractors to present their findings and recommendations to the Legislative Office of Fiscal Transparency, and expanding the criteria for evaluating incentives to include a comparison of their results with similar incentives or economic development strategies from both within and outside the state. The bill also adds assessments of whether an incentive furthers a strategic economic goal or industry and whether it creates a competitive advantage for the state. The bill specifies an effective date of July 1, 2026, and declares an emergency, meaning it will take effect immediately upon passage and approval.

Government Affairs

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb3942&Session=2600