Bill No. 2838, titled the "Oklahoma Certified Meat Processing Facility Incentive Act of 2025," aims to promote agricultural economic development by establishing a framework for incentivizing certified meat processing facilities in Oklahoma. The bill creates the Oklahoma Certified Meat Processing Facility Incentive Approval Board, which will consist of members appointed by the Governor and legislative committee chairs. To qualify for incentive payments from the newly established Oklahoma Certified Meat Processing Facility Incentive Revolving Fund, entities must meet specific criteria, including restrictions on equity ownership to ensure that a majority of ownership is held by U.S. citizens or entities organized under U.S. laws. Additionally, these entities must source at least 50% of their processing inputs from local residents or entities.

The bill also outlines the auditing and enforcement mechanisms to ensure compliance with the ownership restrictions. The State Auditor and Inspector will have the authority to audit the books and records of entities receiving incentives, and any violations regarding alien ownership will result in the repayment of incentives as a state tax liability. The Oklahoma Certified Meat Processing Facility Incentive Revolving Fund will be a continuous fund, appropriated for the purpose of providing incentives to qualified entities for the operation of certified meat processing facilities. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage.