HB 2260 Summary

• Authorizes Oklahoma income tax credits for qualified employers engaged in civil engineering services, effective for taxable years 2026-2030.

• Provides employers a 50% tax credit on tuition reimbursements to qualified employees for the first four years of employment, capped at 50% of average annual tuition at Oklahoma public institutions.

• Allows employers a 10% tax credit on compensation paid to qualified employees who graduated from Oklahoma institutions (5% for out-of-state graduates) for the first five years of employment, capped at $12,500 annually per employee.

• Permits qualified employees to claim up to $5,000 per year in income tax credits for up to five years, with unused credits transferable to subsequent tax years.

• Act becomes effective November 1, 2025; all tax credits cannot reduce tax liability below zero.