HB 2781 Summary: Reindustrialize Oklahoma Act of 2025

• Creates the ROA-25 investment rebate program operating until July 1, 2045, providing rebates to manufacturing establishments (NAICS sectors 31-33) that invest at least $2 billion in qualified capital expenditures and create 700 new jobs in year one and 1,000 new jobs in year two and beyond.

• Establishes ROA-25 investment rebate payments equal to one-fifteenth (1/15) of a purchased financial instrument's value, distributed annually over 15 years, subject to ongoing eligibility verification by the Oklahoma Department of Commerce.

• Disqualifies businesses receiving ROA-25 rebates from participating in the Oklahoma Quality Jobs Program and prevents the same capital expenditure from qualifying multiple establishments under this program.

• Creates two continuing revolving funds: the ROA-25 Revolving Fund (to purchase annuities or similar financial instruments providing 15-year distributions) and the ROA-25 Beneficiary Revolving Fund (to distribute annual payments to qualifying establishments).

• Requires the Oklahoma Department of Commerce to submit annual reports by October 1 and prohibits pre-qualifying rebates that would exceed anticipated available funds; unencumbered funds transfer to the General Revenue Fund upon program expiration.