OK SB3

Modifies income tax credit time periods for three employment-related credits, changing the claim period ending date from January 1, 2015 to January 1, 2015 for taxable years.

Adjusts the effective date of the credit suspension from July 1, 2012 to July 1, 2011, and resumes credit eligibility beginning July 1, 2011.

Repeals Section 2355 of Title 68 (68 O.S. 2001), which previously contained income tax provisions.

Contains an emergency clause making the act effective immediately upon passage and approval rather than on a delayed effective date.

Applies to three existing tax credit programs: tuition reimbursement credits (Section 2357.302), aerospace industry employment credits (Section 2357.303), and employee tax credits (Section 2357.304).