House Bill No. 2219, known as the "Crossroads Sound and Screen Act," aims to promote the creation of music content within Oklahoma by providing financial incentives to qualified production companies. The bill establishes a rebate program that offers a 10% rebate on costs incurred for using qualified production facilities, with increased percentages based on specific criteria, such as the involvement of Oklahoma-based artists and the completion of production work within the state. The total rebate for a single production is capped at $500,000, and the program has an annual expenditure limit of $10 million. The Oklahoma Department of Commerce and the Oklahoma Tax Commission are designated to administer the program and set rules for eligibility.
Additionally, the bill creates the "Crossroads Sound and Screen Revolving Fund," which will be used to pay out the rebates. Qualified production companies must meet several requirements to be eligible for the rebates, including submitting applications, providing evidence of financing, and participating in promotional activities that acknowledge Oklahoma's contribution. The act is set to take effect on November 1, 2025.