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SB 1171

Incentives; repealing the Perform Act.

2025 Regular Session Introduced by Trey Caldwell

SB 1171 repeals Oklahoma's PERFORM Act, eliminating the state's performance-based business tax incentive program to redirect tax revenue.

Approved by Governor 05/28/2025
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WeVote Research Nonpartisan
Bill Summary · SB 1171

Legislative bill overview

SB 1171 repeals Oklahoma's PERFORM Act, which previously established tax incentive programs for businesses. The bill eliminates the statutory framework that governed performance-based economic incentives in the state. Governor Kevin Stitt approved the measure on May 28, 2025.

Why is this important

The repeal removes a mechanism Oklahoma used to attract and retain businesses through tax breaks conditioned on meeting performance targets. This represents a significant shift in the state's economic development strategy and will affect businesses currently operating under PERFORM Act incentives. The change may reduce state revenue loss from tax incentives while potentially impacting business recruitment competitiveness.

Potential points of contention

  • Impact on existing incentive recipients: Businesses with active PERFORM Act agreements may face uncertainty about continued tax benefits and program terms.
  • Economic development philosophy: The repeal reflects disagreement over whether performance-based tax incentives effectively drive job creation or primarily benefit corporations at taxpayer expense.
  • Transition clarity: Questions remain about how existing contracts will be handled and whether there are grandfather provisions protecting current incentive agreements.

Compiled from official sources — confirm details with the bill’s official record.

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