Oklahoma Rural Jobs Act; cap on capital investment tax credits; authorizing and limiting additional participation in program under certain conditions.
Becomes law without Governor's signature 05/13/2026
Summary
The law amends the Oklahoma Tourism Development Act to increase the amount of sales‑tax credits that approved tourism projects can receive and to raise the annual cap on total inducements. It applies to companies that spend at least $500,000 on a tourism attraction, with larger projects getting higher credit rates, and includes special rules for Entertainment Districts. The changes aim to stimulate rural job creation while ensuring the state’s tax revenue remains neutral.
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