OK HB4273

Expands the definition of "qualified employer" for Oklahoma's aerospace income tax credit to include four-year higher education institutions with R1 research designation that have a research, innovation, and education institute dedicated to aerospace research and technology

Limits eligibility for employees at qualifying R1 institutions to only those individuals actively working within the aerospace research and technology institute

Allows qualified employees to claim the income tax credit for up to 5 years total, even when changing between different qualified employers

Amends 68 O.S. 2021, Section 2357.301 relating to the existing aerospace engineer workforce tax credit program that began January 1, 2009

Effective date: January 1, 2027