OK SB1190

Modifies the definition of "qualified employee" under the aerospace sector income tax credit to exclude prior internship experience as a disqualifying factor.

Allows qualified employees and aerospace employers to file amended Oklahoma income tax returns for tax years 2009-2011 to claim aerospace sector income tax credits.

Requires amended returns for tax year 2009 to be filed by October 15, 2014, with other tax years subject to standard refund claim statute of limitations under Section 2373.

Creates new Section 2357.305 to codify the amended return provision in Oklahoma Statutes Title 68.

Effective January 1, 2013.