OK HB2781

Creates the Reindustrialize Oklahoma Act of 2025 (ROA-25), establishing an investment rebate program for qualifying manufacturing establishments until July 1, 2045

Requires minimum capital expenditure of $2 billion in Oklahoma on depreciable property placed in service after May 1, 2025, with businesses operating under NAICS manufacturing sectors 31-33

Mandates creation of at least 700 new direct jobs in year one and 1,000 jobs in year two and beyond to qualify and maintain eligibility for rebate payments

Provides annual rebate payments equal to 1/15th of a state-purchased financial instrument over 15 consecutive years, subject to ongoing eligibility verification by the Oklahoma Department of Commerce

Establishes two revolving funds (ROA-25 Revolving Fund and ROA-25 Beneficiary Revolving Fund) to finance the program, with participating businesses ineligible for Oklahoma Quality Jobs Program incentive payments on the same project