Oklahoma Disclosure Regimes

State Year of Disclosure Law Specific Subsidy Program Affected by Law
(*Means Update to Earlier Law)		 Disclosure Law State Statute Excerpt Subsidies in Sample? (Y/N) Internal Disclosure? (Y/N) External Disclosure? (Y/N)
Oklahoma 1992 Local Incentives and Tax Increment Financing Laws 1992, SB 1525, Effective July 1, 1992 63 Okl. St. § 867 A. For those increment districts in operation for nine (9) month or more, on or before the ninetieth day following the end of each fiscal year, the governing body of a city, town or county shall submit a report to the chief executive officer of each taxing entity that levies ad valorem taxes on real property in an increment district. The report shall include:

1. The amount and source of revenue captured and apportioned to the public trust;

2. The amount and purpose of expenditures;

3. The amount of principal and interest due on outstanding bonded indebtedness;

4. The tax increment base and current captured appraised value or the other local tax or fees collections retained by the area;

5. The captured appraised value or the other local tax or fee collections shared by the city, town or county and other having entities, the total amount of tax increments received and any additional information necessary to demonstrate compliance with the plan adopted by the city, town or county;

6. The name of the person who is currently in charge of the implementation of the plan; and

7. The names of the persons who have disclosed an interest as required pursuant to Section 8 of this act and the interest disclosed.

C. At the time of submitting the reports as required by subsections A and B of this section, the governing body shall publish in a newspaper of general circulation in the city, town or county, a summary of the relevant financial information along with a notice to the effect that such report has been prepared and that the report is available for inspection during business hours in the office of the municipal or county clerk

 N Y Y
Oklahoma 1995 General: reporting of Expenditures Laws SB 135, Effective July 1, 1995 68 Okl. St. § 205 THE TAX COMMISSION SHALL PREPARE OR CAUSE TO BE PREPARED AN ANNUAL REPORT ON ALL PROVISIONS OF STATE TAX LAW THAT REDUCE STATE REVENUE THROUGH EXCLUSIONS, DEDUCTIONS, CREDITS, EXEMPTIONS, DEFERRALS OR OTHER PREFERENTIAL TAX TREATMENTS. THE REPORT SHALL BE PREPARED NOT LATER THAN NOVEMBER 1 OF EACH YEAR AND SHALL BE SUBMITTED TO THE GOVERNOR, THE PRESIDENT PRO TEMPORE OF THE SENATE AND THE SPEAKER OF THE HOUSE OF REPRESENTATIVES. THE TAX COMMISSION MAY PREPARE AND SUBMIT SUPPLEMENTS TO THE REPORT AT OTHER TIMES OF THE YEAR IF ADDITIONAL OR UPDATED INFORMATION RELEVANT TO THE REPORT BECOMES AVAILABLE. THE REPORT SHALL INCLUDE, FOR THE PREVIOUS FISCAL YEAR, THE TAX COMMISSION'S BEST ESTIMATE OF THE AMOUNT OF STATE REVENUE THAT WOULD HAVE BEEN COLLECTED BUT FOR THE EXISTENCE OF EACH SUCH EXCLUSION, DEDUCTION, CREDIT, EXEMPTION, DEFERRAL OR OTHER PREFERENTIAL TAX TREATMENT ALLOWED BY LAW. THE TAX COMMISSION MAY REQUEST THE ASSISTANCE OF OTHER STATE AGENCIES AS MAY BE NEEDED TO PREPARE THE REPORT. N N Y
Oklahoma 1997 Closed Meetings of Economic Development Added to existing law from 1977 about Executive Sessions by 1997 OK. SB 996, effective May 28, 1998 25 Okl. St. Sec. 307 A.No public body shall hold executive sessions unless otherwise specifically provided in this section. C.Notwithstanding the provisions of subsection B of this section, the following public bodies may hold executive sessions: 11.All nonprofit foundations, boards, bureaus, commissions, agencies, trusteeships, authorities, councils, committees, public trusts, task forces or study groups supported in whole or part by public funds or entrusted with the expenditure of public funds for purposes of conferring on matters pertaining to economic development, including the transfer of property, financing, or the creation of a proposal to entice a business to remain or to locate within their jurisdiction if public disclosure of the matter discussed would interfere with the development of products or services or if public disclosure would violate the confidentiality of the business; N
Oklahoma 1998 Small Business Capital Formation Incentive Act Laws HB 1253 68 Okl. St. § 2357.65 On or before November 1 of each year subsequent to the effective date of this act, the Oklahoma Tax Commission shall file a report with the Speaker of the House of Representatives and the President Pro Tempore of the Senate. The report shall state the amount of credits actually claimed and allowed pursuant to the provisions of this act and the amount of credits likely to be claimed and allowed pursuant to this act for the following year. N N Y
Oklahoma 2000 Enterprise Zone State and Local Matching Payments Laws 2000, HB 2010, c. 339, § 16, emerg. eff. July 1, 2000 62 Okl. St. § 847 "The Tax Commission shall prepare a report separately identifying the amounts described in subsection A of this section and shall submit the report prior to April 1 each year to the Governor, the Speaker of the House of Representatives and the President Pro Tempore of the Senate." N N Y
Oklahoma 2001 Rural Venture Capital Formation Incentive Act* Laws HB 2010 68 Okl. St. § 2357.76 On or before November 1 of each year subsequent to the effective date of the Rural Venture Capital Formation Incentive Act, the Oklahoma Tax Commission shall file a report with the Speaker of the House of Representatives and the President Pro Tempore of the Senate. The report shall state the amount of credits actually claimed and allowed pursuant to the provisions of this act N N Y
Oklahoma 2006 Small Business Capital Formation Incentive Act* Laws 2006, SB 1577, c. 281, § 16, emerg. eff. June 7, 2006 68 Okl. St. § 2357.65 Augments reporting imposed earlier in 1998. New information to be reported is listed below in capital letters. "On or before November 1 of each year subsequent to the effective date of this act, the Oklahoma Tax Commission shall file a report with the Speaker of the House of Representatives and the President Pro Tempore of the Senate. The report shall state the amount of credits actually claimed and allowed pursuant to the provisions of this act [D> and the amount of credits likely to be claimed and allowed pursuant to this act for the following year <D] [A> DURING THE PREVIOUS CALENDAR YEAR, STATISTICAL INFORMATION ON THE QUALIFIED INVESTMENTS MADE BY QUALIFIED SMALL BUSINESS CAPITAL COMPANIES DURING THE PREVIOUS YEAR, AN ESTIMATE OF THE NUMBER OF JOBS CREATED IN THIS STATE DURING THE PREVIOUS YEAR, AND SUCH OTHER INFORMATION AS THE TAX COMMISSION MAY DEEM RELEVANT <A] . N N Y
Oklahoma 2006 Rural Venture Capital Formation Incentive Act* Laws 2006, SB 1577, c. 281, § 27, emerg. eff. June 7, 2006 68 Okl. St. § 2357.76 Augments reporting imposed earlier in 2001. New information to be reported is listed below in capital letters. "On or before November 1 of each year subsequent to the effective date of the Rural Venture Capital Formation Incentive Act, the Oklahoma Tax Commission shall file a report with the Speaker of the House of Representatives and the President Pro Tempore of the Senate. The report shall state the amount of credits actually claimed and allowed pursuant to the provisions of this act [D> and the amount of credits likely to be claimed and allowed pursuant to the Rural Venture Capital Formation Incentive Act for the following year <D] [A> DURING THE PREVIOUS CALENDAR YEAR, STATISTICAL INFORMATION ON THE QUALIFIED INVESTMENTS MADE BY QUALIFIED RURAL SMALL BUSINESS CAPITAL COMPANIES DURING THE PREVIOUS YEAR, AN ESTIMATE OF THE NUMBER OF JOBS CREATED IN THIS STATE DURING THE PREVIOUS YEAR AND SUCH OTHER INFORMATION AS THE TAX COMMISSION MAY DEEM RELEVANT TO THE EFFECTIVE ADMINISTRATION OF THE RURAL VENTURE CAPITAL FORMATION INCENTIVE ACT <A] ." N N Y
Oklahoma 2006 EDGE Fund Laws 2006, 2nd Extr. Sess., SB 99, c. 85, § 1, eff. September 22, 2006 62 Okl. St. Section 47 "The Board of Investors of the EDGE Fund shall submit a report of the EDGE Fund’s investments and asset value annually to the Governor and the State Treasurer." N N Y
Oklahoma 2006 Oklahoma Opportunity Fund Laws 2006, 2nd Extr. Sess., HB 1169, c. 41, § 1, emerg. eff. July 1, 2006 62 Okl. St. § 48 There is hereby created in the State Treasury a revolving fund for the Oklahoma Department of Commerce to be designated the “Oklahoma Opportunity Fund”. The fund shall be a continuing fund, not subject to fiscal year limitations and shall consist of:
1. All monies apportioned or allocated to the fund pursuant to law;
2. Any amounts appropriated by the Legislature to the fund;
3. Interest earned on the investment of money in the fund; and
4. Gifts, grants, and other donations received for the fund.
B. All monies accruing to the credit of the fund are hereby appropriated and may be budgeted and expended by the Governor for the purposes of economic development and related infrastructure development, subject to the unanimous approval of the Contingency Review Board pursuant to subsection E of this section. Expenditures from the fund shall be made upon warrants issued by the State Treasurer against claims filed as prescribed by law with the Director of the Office of Management and Enterprise Services for approval and payment.
E. No expenditure shall be made from the Oklahoma Opportunity Fund unless such expenditure has been unanimously approved by the Contingency Review Board.		 Y
Oklahoma 2007 General Law: "Taxpayer Transparency Act" Laws 2007, SB 1, c. 327, § 1, eff. November 1, 2007 62 Okl. St. § 46 "NEW LAW A new section of law to be codified in the Oklahoma Statutes as Section 46 of Title 62, unless there is created a duplication in numbering, reads as follows:
A. This act shall be known and may be cited as the "Taxpayer Transparency Act."
B. As used in the Taxpayer Transparency Act:
1. “Single website” means a website that allows the public to access information identified in subsection C of this section without any fee or charge to the public for such access;
“Incentive payments” means payments made under the Oklahoma Quality Jobs Program Act, Saving Quality Jobs Act, Oklahoma Quality Jobs Incentive Leverage Act, Small Employer Quality Jobs Incentive Act, Oklahoma Specialized Quality Investment Act and Oklahoma Quality Investment Act; and
4. “Tax credit” means a credit pursuant to the Oklahoma Income Tax Act against tax liability which is taken by a taxpayer, excluding credits authorized under paragraphs 1 and 2 of subsection B of Section 2357 and Sections 2357.29 and 2357.43 of Title 68 of the Oklahoma Statutes.
C. No later than January 1, 2008, the Office of State Finance shall develop and operate a single website accessible by the public. The website shall include aggregate information on state revenue, expenditures and incentive payments and information on state tax preferences as contained in the tax expenditure report published by the Oklahoma Tax Commission pursuant to subsection E of Section 205 of Title 68 of the Oklahoma Statutes. No later than January 1, 2009, the website shall include search capabilities.
D. As soon as practicable after January 1, 2008, such website shall also include, but not be limited to:
1. For the expenditure of state funds or incentive payments:
a. the name and principal location of the entity and/or recipients of the funds, excluding release of information relating to an individual’s place of residence, release of information prohibited by subsection D of Section 24 A.7 of Title 51 of the Oklahoma Statutes or by federal law relating to privacy rights,
b. the amount of state funds expended,
c. the type of transaction,
d. the funding or expending agency, and
e. a descriptive purpose of the funding action or expenditure; and
2. For each tax credit, information, including but not limited to:
a. the name of each taxpayer to which a credit has been granted,
b. the amount of such credit, and
c. the specific provision under which a credit has been granted.
E. The single website provided for in subsection C of this section shall include data on state revenue, expenditures and incentive payments for the fiscal year 2007 and each fiscal year thereafter and on state tax credits for tax year 2007 and each tax year thereafter. Such data shall be available on the single website no later than one hundred twenty (120) days after the last day of the preceding fiscal year.
F. The Oklahoma Tax Commission, the Office of the State Treasurer, all institutions of The Oklahoma State System of Higher Education and any other state agency shall provide to the Office of State Finance such information as is necessary to accomplish the purposes of this act."
d.the funding or expending agency, and
e.a descriptive purpose of the funding action or expenditure;"		 N Y N
Oklahoma 2009 21st Century Quality Jobs Incentive Act Laws 2009, SB 938, c. 285, § 10, eff. November 1, 2009 68 Okl. St. § 3920 "The Oklahoma Department of Commerce shall prepare a report which shall include, but not be limited to, documentation of the new direct jobs created under this act and a fiscal analysis of the costs and benefits of the act to the state. The report shall be submitted to the President Pro Tempore of the Senate, the Speaker of the House of Representatives and the Governor no later than March 1, 2011, and every three (3) years thereafter. The report may be used for the purpose of determining whether to continue or sunset the 21st Century Quality Jobs Incentive Act." Y N Y
Oklahoma 2010 General Law: "Taxpayer Transparency Act"* Laws 2010, SB 1759, c. 475, § 2, emerg. eff. June 10, 2010; Laws 2010, HB 3422, c. 459, § 1, emerg. eff. July 1, 2010 62 Okl. St. § 46 "D. EFFECTIVE JANUARY 1, 2011, THE OFFICE OF STATE FINANCE SHALL UPDATE THE WEBSITE WITH “OPEN BOOKS 2.0,” AN EXPANDED ONLINE DATABASE THROUGH WHICH EACH INDIVIDUAL EXPENDITURE SHALL BE LISTED INDIVIDUALLY SEPARATE OF AGGREGATED AMOUNT. THE INFORMATION SHALL BE SEARCHABLE BY TERM INCLUDING NAME OF RECIPIENT, ENTITY MAKING EXPENDITURE AND DATE OF EXPENDITURE. THE WEBSITE SHALL ALLOW MEMBERS OF THE PUBLIC TO EXPORT SETS OF DATA PRODUCED BY SEARCH QUERY IN A STANDARDIZED EXPORTABLE FORM. NO LATER THAN EIGHTEEN (18) MONTHS AFTER “OPEN BOOKS 2.0” IS ONLINE, THE OFFICE OF STATE FINANCE SHALL CREATE AN ONLINE ARCHIVE FOR EACH FISCAL YEAR, BEGINNING WITH FISCAL YEAR 2011, WHICH SHALL BE ACCESSIBLE AND SEARCHABLE TO ONLINE USERS ." N Y N
Oklahoma 2010 21st Century Quality Events Incentive Act* Laws 2010, SB 1284, c. 386, § 10, eff. July 1, 2012 68 Okl. St. § 4310 "The Executive Director of the Oklahoma Department of Commerce shall make a report to the Governor, the Speaker of the House of Representatives and the President Pro Tempore of the Senate not later than December 1, 2013, and each December 1 thereafter if this act is in force and effect, regarding the effect and impact of the Oklahoma Quality Events Incentive Act." N N Y
Oklahoma 2011 Quick Action Closing Fund Laws 2011, HB 1953, Enacted May 24, 2011 62 Okl. St. § 48.2 I. The Department of Commerce shall make available on its website or other website dedicated for this purpose a complete disclosure of all payments made from the Oklahoma Quick Action Closing Fund. The disclosure shall include a description of the expenditures made by the business establishment with the payments made from the fund. No proprietary information of the business establishment shall be subject to the requirements of this subsection N Y N
Oklahoma 2015 General Law: "Incentive Evaluation Act" Laws 2015, HB 2182, c. 184, § 5, eff. November 1, 2015 62 Okl. St. § 7005 "The Incentive Evaluation Commission shall ensure that each incentive is evaluated at least once every four (4) years unless the Commission determines that the incentive is exempt from evaluation. The Commission may exempt from evaluation any incentive that it concludes has a minimal fiscal impact. The Commission shall determine a specific threshold amount which shall be considered as a minimal fiscal impact for the current evaluation cycle.

By November 1 of each year beginning in 2016, the Commission or the Commission’s chosen contractor shall evaluate each incentive scheduled for review that year. The Commission or the Commission’s chosen contractor shall conduct each incentive evaluation in consultation with the Oklahoma Department of Commerce division of Research and Economic Analysis Services using criteria developed pursuant to subsection D of this section. Between November 1 and November 30 of each year beginning in 2016, the Commission shall hold at least one public meeting to review, allow for public comment, and vote to approve or disapprove each incentive evaluation conducted that year. By December 15 of each year beginning in 2016, the Commission shall provide the results of each incentive evaluation in a written report to the Governor, President Pro Tempore of the Senate and Speaker of the House of Representatives. The report shall be made publicly available on the Oklahoma Department of Commerce website and documents.ok.gov.
C. Each evaluation shall include the following:
1. An estimate of the economic and fiscal impact of the incentive. This estimate shall take into account the following considerations in addition to other relevant factors:
a. the extent to which the incentive changes business behavior,
b. the results of the incentive for the economy of Oklahoma as a whole. This consideration includes both positive direct and indirect impacts and any negative effects on other Oklahoma businesses, and
c. a comparison to the results of other incentives or other economic development strategies with similar goals;
2. An assessment of whether adequate protections are in place to ensure the fiscal impact of the incentive does not increase substantially beyond the state’s expectations in future years;
3. An assessment of whether the incentive is being administered effectively;
4. An assessment of whether the incentive is achieving its goals;
5. Recommendations for how Oklahoma can most effectively achieve the incentive’s goals, including recommendations on whether the incentive should be retained, reconfigured or repealed; and
6. Recommendations for any changes to state policy, rules, or statutes that would allow the incentive to be more easily or conclusively evaluated in the future. These recommendations may include changes to collection, reporting and sharing of data, and revisions or clarifications to the goal of the incentive.
D. Evaluation criteria shall be developed for each incentive evaluated by the Commission. Each incentive shall be evaluated using criteria specific to the individual incentive. The criteria shall be developed through the administrative rulemaking process pursuant to the Administrative Procedures Act, Section 250 et seq. of Title 75 of the Oklahoma Statutes, and codified in the administrative code of the Oklahoma Department of Commerce."		 N Y Y
Oklahoma 2016 General Law: "Taxpayer Transparency Act"* Laws 2015, SB 806, c. 190, § 1, eff. January 1, 2016 62 Okl. St. § 46A "All economic incentive provisions enacted after January 1, 2016, shall include a measurable goal or goals. For the purposes of this act, “incentive” shall include any provision available to be used by a business entity in the form of a credit, exemption, deduction or rebate pertaining to a state tax liability of any kind; any grant, loan or financing program offered by the state or a state-beneficiary public trust; or any program for incentive payments from the state.
History."		 N N Y
Oklahoma 2017 Bond Transparenc Act for Pooled Financing Laws 2017, HB 1949, c. 62, § 2, eff. November 1, 2017 62 Okl. St. § 896.1 Related to Pooled Finance Act passed in 2009. Reporting, but by municipalities: A. At least thirty (30) days after the approval for a vote on a bond or other evidence of indebtedness to be issued by the local government entities described in subsection C of this section, the governing board of such entity shall cause to be published on that local government website:
1. A description of the projects or assets that will be acquired, improved or repaired with the proceeds from the issuance of the bonds;
2. A description of any unpaid or unfinished bond approved by the voters of that jurisdiction preceding the date of the vote on the bonds to be issued; and
3. A detailed description of the use of the previous bond proceeds. If the bond proceeds were used to acquire or improve real property, the description shall include a physical address using a street number or some other method by which the location of the property can be identified.
B. If the local government entity does not have a website, then it shall make the information accessible through some other method using the Internet to persons who reside in the geographic area of the local government entity. Should there be no reasonable method as described in this section, the entity shall cause the information to be published at least once in a newspaper of general circulation in the geographic area in which the voters of the local government jurisdiction reside.		 Y Y N
Oklahoma 2018 Electricity Credit Laws 2018, SB 893, c. 264, § 1, eff. January 1, 2019; 68 Okl. St. § 2357.32A "The Tax Commission shall prepare an annual report and submit it to the Office of the State Secretary of Energy and Environment, the Governor, the Speaker of the Oklahoma House of Representatives and the President Pro Tempore of the Oklahoma State Senate summarizing the amount of credits allowed pursuant to subparagraphs b, c and d of paragraph 2 of subsection A of this section." N N Y
Oklahoma 2021 Film Tax Credits Laws 2021, SB 608, c. 516, § 3, emerg. eff. July 1, 2021 68 Okl. St. § 3633 "By October 1 of each year, the Oklahoma Department of Commerce shall submit an annual report to the Speaker of the House of Representatives, the President Pro Tempore of the Senate, the Chair of the Appropriations and Budget Committee of the House of Representatives, the Chair of the Appropriations Committee of the Senate and the Director of the Legislative Office of Fiscal Transparency detailing the program and incentive rebate payments." N N Y
Oklahoma 2021 Oklahoma Remote Quality Jobs Incentive Act Laws 2021, HB 2860, c. 225, § 10, emerg. eff. July 1, 2021 68 Okl. St. § 4510 "The Oklahoma Department of Commerce shall prepare triennially a report which shall include, but not be limited to, documentation of the new direct jobs created under the Oklahoma Remote Quality Jobs Incentive Act and a fiscal analysis of the costs and benefits of this act to the state. The report shall be submitted to the President Pro Tempore of the Senate, the Speaker of the House of Representatives and the Governor of this state no later than March 1, 2023, and every three (3) years thereafter. The report may be used for the purpose of determining whether to continue or sunset the Oklahoma Remote Quality Jobs Incentive Act." N N Y