OK SB577

Manufacturing facilities receiving the 5-year ad valorem tax exemption under Section 6B of Article X of the Oklahoma Constitution must annually report to the Oklahoma Tax Commission the number of new jobs created and payroll data for those new jobs since the exemption was granted

The Oklahoma Tax Commission is required to share the collected jobs and payroll data with the Incentive Evaluation Commission for evaluation purposes only

Amends the Tax Commission confidentiality statute (Section 205) to create an exception allowing disclosure of the manufacturing facility exemption data to the Incentive Evaluation Commission

Updates statutory references from "Sections 1 through 8 of this act" to "Sections 3930 through 3937 of this title" regarding Oklahoma Rural Jobs Act tax credits

Effective date: November 1, 2025