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OK SB287
Bill
AI Summary
- Extends three aerospace sector income tax credits from their previous expiration date of January 1, 2026 through tax year 2031
- Employer tuition reimbursement credit: 50% of tuition reimbursed to qualified aerospace employees for their first four years of employment
- Employer compensation credit: 10% of compensation for employees from Oklahoma institutions or 5% for out-of-state graduates, capped at $12,500 annually per employee for five years
- Employee credit: Up to $5,000 per year for qualified aerospace employees, claimable for up to five years with five-year carryover provisions
- Effective date: November 1, 2025
Legislative Description
Income tax; modifying tax years for aerospace tax credit. Effective date.
Last Action
Becomes law without Governor's signature 05/29/2025
5/29/2025
Committee Referrals
Appropriations and Budget Finance Subcommittee4/2/2025
Appropriations and Budget4/1/2025
Revenue and Taxation2/4/2025
Full Bill Text
No bill text available