This bill amends various sections of the Oklahoma statutes concerning government administration and the Local Development Act, particularly focusing on enhancing communication and efficiency in local development processes. It mandates that entities issuing building permits provide weekly notifications to county assessors in counties with populations of 450,000 or more. Additionally, it allows counties to administer fees for project plan costs, adds county assessors to review committees in a nonvoting capacity, and requires certain governing bodies to submit fiscal impact reports to the Oklahoma Department of Commerce. The bill also updates statutory language to facilitate electronic notifications and applications related to the Ad Valorem Tax Code.

Moreover, the legislation introduces specific provisions regarding incentives and exemptions for businesses, stating that out-of-state businesses recruited by multiple governmental entities cannot receive incentives without a waiver from the Chief Executive Officer of the Oklahoma Department of Commerce. It outlines the process for determining base assessed values in increment districts, establishes procedures for school districts to protest certified values, and details responsibilities for county assessors and treasurers concerning ad valorem taxes on manufactured homes. The bill also modifies notification processes for property assessments and homestead exemption applications, allowing for electronic submissions and communications, with an effective date set for November 1, 2026.

Statutes affected:
Introduced: 62-860, 68-2813