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 the majority interest 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 enforcement mechanisms for compliance, including audits by the State Auditor and Inspector, as well as third-party audits. If an entity is found to have violated ownership restrictions, the incentives received will be treated as a state tax liability, enforceable by the Oklahoma Tax Commission. The revolving fund will be continuously funded and appropriated for the purpose of providing incentives to qualified entities for the operation of certified meat processing facilities within the state. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage.