Gann Files Bill to Repeal LEAD Act
OKLAHOMA CITY (Feb. 6th) – Rep. Tom Gann, R-Inola, has filed House Bill 1381 to Repeal the Large-Scale Economic Activity and Development (LEAD) Act of 2022.
Last year, the Legislature passed House Bill 4455, the LEAD Act, which promised investment rebates for the cost of qualified capital expenditures for certain establishments based on creation of new direct jobs. HB 1381 will repeal the law to keep it from activating in the future.
Gann called this "a failed attempt to entice business to Oklahoma using corporate welfare."
