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ENGR. H. B. NO. 4215 Page 1
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ENGROSSED HOUSE
BILL NO. 4215 By: Staires, Tedford, Waldron,
and Hefner of the House
and
Coleman of the Senate
An Act relating to revenue and taxation; amending 68
O.S. 2021, Section 3634, which relates to the Filmed
in Oklahoma Act of 2021; modifying provisions related
to expenditure requirements for incentive
eligibility; and providing an effective date.
BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 68 O.S. 2021, Section 3634, is
amended to read as follows:
Section 3634. A. The total amount of rebate payments
conditionally pre-qualified by the Department of Commerce each
fiscal year with respect to any of the incentives authorized
pursuant to this act shall not exceed Thirty Million Dollars
($30,000,000.00). Projects not conditionally pre-qualified for
rebate payments due to the limitations provided in this section may
be conditionally pre-qualified by the Department in subsequent
fiscal years.
B. The amount of rebate payments conditionally pre-qualified by
the Department of Commerce each fiscal year with respect to any of
the incentives authorized pursuant to this act shall not exceed:
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1. Seven Million Five Hundred Thousand Dollars ($7,500,000.00)
for production projects with total expenditures of less than Seven
Million Five Hundred Thousand Dollars ($7,500,000.00); and
2. Twenty-two Million Five Hundred Thousand Dollars
($22,500,000.00) for production projects with total expenditures of
Seven Million Five Hundred Thousand Dollars ($7,500,000.00) or more.
C. A production project shall have total expenditures of Fifty
Thousand Dollars ($50,000.00) or more to be eligible for the rebate
payments provided in this act or Twenty Thousand Dollars
($20,000.00) for projects filmed outside this state as provided for
in Section 3636 of this title.
D. In any fiscal year if the amount of rebate payments
conditionally pre-qualified by the Department of Commerce are less
than the limitations provided in this section, the excess rebate
payments not utilized shall be added to subsequent fiscal year's
limitation.
SECTION 2. This act shall become effective November 1, 2026.
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Passed the House of Representatives the 24th day of March, 2026.
Presiding Officer of the House
of Representatives
Passed the Senate the ______ day of __________, 2026.
Presiding Officer of the Senate