The bill enacts the "Oklahoma Quality Events Amendments Act of 2026," which is a new piece of legislation aimed at enhancing economic development incentives within the state. It establishes a new section of law that will not be codified in the Oklahoma Statutes, indicating that it will exist as a standalone act rather than being integrated into existing legal frameworks.

Additionally, the bill specifies that it will take effect on November 1, 2026. This timeline allows for the necessary preparations and adjustments to be made in anticipation of the new law's implementation.