House Bill No. 2374 amends the Filmed in Oklahoma Act of 2021, focusing on various aspects of film production incentives in the state. Key modifications include updated definitions for terms such as "above-the-line personnel," "crew," and "film," with new inclusions like animation and live audience episodic television. The bill also introduces a requirement for production companies to withhold Oklahoma income tax on payments to loan-out companies, ensuring that employees performing services in Oklahoma are subject to state taxation. Additionally, it establishes a new section mandating the allocation of $35,000 annually for economic impact reviews of the program.

The bill outlines specific requirements for production companies to qualify for rebate payments, including the submission of applications, proof of payment to local vendors, and evidence of financing. It sets forth a tiered system for utilizing apprentices based on the production's Oklahoma expenditures, with a maximum incentive payment of 20% for projects meeting these criteria. The legislation aims to enhance the film industry's economic impact in Oklahoma while ensuring compliance with tax regulations and promoting workforce development through apprenticeship opportunities. The act is set to take effect on July 1, 2025, with an emergency clause for immediate implementation upon passage.

Statutes affected:
Introduced: 68-3638
House Committee Substitute: 68-3632
Floor (House): 68-3632
Floor (Senate): 68-3632
Engrossed: 68-3632
Sub Committee OR Policy Committee Recommendations (House) Sub Committee Recommendation: 68-3632