Bill No. 2753, known as the Oklahoma Rural Jobs Act, proposes amendments to the existing capital investment tax credit program. The bill modifies Section 3933 of the Oklahoma Statutes to establish a cap of $15 million in state tax credits that can be claimed in any calendar year, excluding amounts carried forward. It also introduces a requirement that at least 10% of a rural investor's capital investment must come from their own sources, and outlines the process for the rural fund to certify and issue capital investments. Additionally, if the rural fund fails to issue the capital investment within the specified timeframe, the certification will lapse, requiring reapplication.

A significant addition to the bill is the authorization for an expansion of the Oklahoma Rural Jobs Act, allowing rural funds to participate in an additional offering of state tax credits starting July 1, 2025, with a total amount not exceeding $200 million. This expansion aims to enhance the program's effectiveness and is to be administered in accordance with the existing provisions of the Oklahoma Rural Jobs Act. The bill is set to take effect on November 1, 2025.