Shown verbatim: the complete text as captured from the official PDF posted by the Oklahoma Legislature, fetched 2026-07-23. Page and line markers are part of the official record; nothing is edited or removed. The official bill page.
1 STATE OF OKLAHOMA
2 1st Session of the 60th Legislature (2025)
3 HOUSE BILL 2019 By: Pae
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6 AS INTRODUCED
7 An Act relating to revenue and taxation; amending 68
O.S. 2021, Section 2357.302, which relates to
8 aerospace industry tax credit for employee tuition
reimbursement; amending 68 O.S. 2021, Section
9 2357.303, which relates to aerospace industry tax
credit for compensation paid to employees; amending
10 68 O.S. 2021, Section 2357.304, as amended by Section
2, Chapter 313, O.S.L. 2024 (68 O.S. Supp. 2024,
11 Section 2357.304), which relates to aerospace
industry credit for employees; modifying dates to
12 extend credits; and providing an effective date.
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BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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SECTION 1. AMENDATORY 68 O.S. 2021, Section 2357.302, is
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amended to read as follows:
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Section 2357.302. A. Except as provided in subsection F of
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this section, for taxable years beginning after December 31, 2008,
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and ending before January 1, 2026 2032, a qualified employer shall
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be allowed a credit against the tax imposed pursuant to Section 2355
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of this title for tuition reimbursed to a qualified employee.
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1 B. The credit authorized by subsection A of this section may be
2 claimed only if the qualified employee has been awarded an
3 undergraduate or graduate degree within one (1) year of commencing
4 employment with the qualified employer.
5 C. The credit authorized by subsection A of this section shall
6 be in the amount of fifty percent (50%) of the tuition reimbursed to
7 a qualified employee for the first through fourth years of
8 employment. In no event shall this credit exceed fifty percent
9 (50%) of the average annual amount paid by a qualified employee for
10 enrollment and instruction in a qualified program at a public
11 institution in Oklahoma.
12 D. The credit authorized by subsection A of this section shall
13 not be used to reduce the tax liability of the qualified employer to
14 less than zero (0).
15 E. No credit authorized by this section shall be claimed after
16 the fourth year of employment.
17 F. No credit otherwise authorized by the provisions of this
18 section may be claimed for any event, transaction, investment,
19 expenditure or other act occurring on or after July 1, 2010, for
20 which the credit would otherwise be allowable. The provisions of
21 this subsection shall cease to be operative on July 1, 2011.
22 Beginning July 1, 2011, the credit authorized by this section may be
23 claimed for any event, transaction, investment, expenditure or other
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Req. No. 11685 Page 2
1 act occurring on or after July 1, 2011, according to the provisions
2 of this section.
3 SECTION 2. AMENDATORY 68 O.S. 2021, Section 2357.303, is
4 amended to read as follows:
5 Section 2357.303. A. Except as provided in subsection F of
6 this section, for taxable years beginning after December 31, 2008,
7 and ending before January 1, 2026 2032, a qualified employer shall
8 be allowed a credit against the tax imposed pursuant to Section 2355
9 of this title for compensation paid to a qualified employee.
10 B. The credit authorized by subsection A of this section shall
11 be in the amount of:
12 1. Ten percent (10%) of the compensation paid for the first
13 through fifth years of employment in the aerospace sector if the
14 qualified employee graduated from an institution located in this
15 state; or
16 2. Five percent (5%) of the compensation paid for the first
17 through fifth years of employment in the aerospace sector if the
18 qualified employee graduated from an institution located outside
19 this state.
20 C. The credit authorized by this section shall not exceed
21 Twelve Thousand Five Hundred Dollars ($12,500.00) for each qualified
22 employee annually.
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Req. No. 11685 Page 3
1 D. The credit authorized by this section shall not be used to
2 reduce the tax liability of the qualified employer to less than zero
3 (0).
4 E. No credit authorized pursuant to this section shall be
5 claimed after the fifth year of employment.
6 F. No credit otherwise authorized by the provisions of this
7 section may be claimed for any event, transaction, investment,
8 expenditure or other act occurring on or after July 1, 2010, for
9 which the credit would otherwise be allowable. The provisions of
10 this subsection shall cease to be operative on July 1, 2011.
11 Beginning July 1, 2011, the credit authorized by this section may be
12 claimed for any event, transaction, investment, expenditure or other
13 act occurring on or after July 1, 2011, according to the provisions
14 of this section.
15 SECTION 3. AMENDATORY 68 O.S. 2021, Section 2357.304, as
16 amended by Section 2, Chapter 313, O.S.L. 2024 (68 O.S. Supp. 2024,
17 Section 2357.304), is amended to read as follows:
18 Section 2357.304. A. Except as provided in subsection D of
19 this section, for taxable years beginning after December 31, 2008,
20 and ending before January 1, 2026 2032, a qualified employee shall
21 be allowed a credit against the tax imposed pursuant to Section 2355
22 of this title of up to Five Thousand Dollars ($5,000.00) per tax
23 year for a period of time not to exceed five (5) years during the
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1 lifetime of the qualified employee. This credit may be claimed in
2 nonconsecutive tax years.
3 B. The credit authorized by this section shall not be used to
4 reduce the tax liability of the taxpayer to less than zero (0).
5 C. Any credit claimed, but not used, may be carried over, in
6 order, to each of the five (5) subsequent taxable years.
7 D. No credit otherwise authorized by the provisions of this
8 section may be claimed for any event, transaction, investment,
9 expenditure or other act occurring on or after July 1, 2010, for
10 which the credit would otherwise be allowable. The provisions of
11 this subsection shall cease to be operative on July 1, 2011.
12 Beginning July 1, 2011, the credit authorized by this section may be
13 claimed for any event, transaction, investment, expenditure or other
14 act occurring on or after July 1, 2011, according to the provisions
15 of this section.
16 SECTION 4. This act shall become effective November 1, 2025.
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18 60-1-11685 AO 12/13/24
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Req. No. 11685 Page 5Every fact on this page links to its source, starting with the official bill record.