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HB 3942·OK·house

Public finance; Incentive Evaluation Commission; communications; presentation of findings; comparison of certain results; effective date; emergency.

Passed One ChamberFiled Feb 2, 2026
Sponsor: Kane
Latest Action

Second Reading referred to Economic Development, Workforce and Tourism

Apr 1, 2026

Summary

The bill creates a four‑year cycle for evaluating every Oklahoma tax or economic incentive, with the option to exempt low‑impact programs or use an expedited review for well‑studied incentives. It directs the Commission to hire contractors, hold public meetings, and deliver written findings to the governor and legislative leaders by December 15 each year. The purpose is to increase transparency and ensure incentives actually benefit the state’s finances and economy.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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