Oklahoma legislation · 2026 Regular Session
Oklahoma SB1826: Oklahoma Local Development and Enterprise Zone Incentive Leverage Act; omitting sunset date. Effective date.
Status: Signed into law, May 6, 2026
What the bill says
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. SUBJECT: Oklahoma Local Development and Enterprise Zone Incentive Leverage Act.
From the enrolled text, April 30, 2026:
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. SUBJECT: Oklahoma Local Development and Enterprise Zone Incentive Leverage Act SECTION 1. AMENDATORY 62 O.S. 2021, Section 842, as last amended by Section 1, Chapter 203, O.S.L. 2025 (62 O.S. Supp. 2025, Section 842), is amended to read as follows: Section 842. A. An enterprise which locates its facility within an enterprise zone or which expands its existing facility after the designation of an enterprise zone as authorized by law and which is located in an incentive district as authorized pursuant to the provisions of the Local Development Act shall be eligible for the state local enterprise matching payment authorized pursuant to subsection A of Section 844 of this title. B. 1. A local governmental entity which approves a project plan pursuant to the provisions of the Local Development Act within an enterprise zone or in support of a major tourism destination project which the local governmental entity determines is likely to significantly benefit contiguous or nearby enterprise zone census tracts shall …
Sponsors
- Brian Hill (R, HD-047)