The "Reindustrialize Oklahoma Act of 2025" establishes a new investment rebate program aimed at enhancing economic development in the state by incentivizing large-scale industrialization projects that create significant job opportunities. The program, which will be administered by the Oklahoma Department of Commerce, requires establishments to create a minimum of 700 new direct jobs in the first year and 1,000 in subsequent years to qualify for rebates on qualified capital expenditures. The act outlines specific definitions, eligibility criteria, and application processes, while also mandating annual reporting to key legislative leaders regarding the program's performance and financial implications.

Additionally, the act creates two revolving funds: the "ROA-25 Revolving Fund" and the "ROA-25 Beneficiary Revolving Fund," which will facilitate the financial operations of the rebate program. The funds are designed to be continuous and not subject to fiscal year limitations, ensuring that the necessary resources are available for the program's duration until July 1, 2045. The legislation also includes provisions for the transfer of unencumbered funds to the General Revenue Fund after the program's expiration, thereby ensuring fiscal accountability and oversight.