Income tax; definition; employees; aerospace; higher education; effective date.

Summary

The bill rewrites Oklahoma’s income‑tax credit statute to broaden who qualifies as an employer and employee in the aerospace sector. It adds higher‑education institutions with accredited aerospace programs to the definition of qualified employers and clarifies what counts as compensation and tuition. The changes become law on Jan. 1, 2027.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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