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
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2 1st Session of the 60th Legislature (2025)
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3 SENATE BILL 236 By: Haste
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6 AS INTRODUCED
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7 An Act relating to income tax; defining terms;
7 providing credit to qualified employers for certain
8 compensation paid and expenses incurred; stipulating
8 credit amount; limiting credit amount; requiring
9 certain compliance for eligibility; prohibiting
9 credit for certain compensation paid and expenses
10 incurred; prohibiting refundability of credit;
10 authorizing the carry forward of credit; limiting
11 annual credit amount; prescribing enforcement of
11 annual limit; providing for codification; and
12 providing an effective date.
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15 BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
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16 SECTION 1. NEW LAW A new section of law to be codified
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17 in the Oklahoma Statutes as Section 2357.305 of Title 68, unless
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18 there is created a duplication in numbering, reads as follows:
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19 A. As used in this section:
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20 1. "Aerospace and defense sector" means a private or public
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21 organization located in this state and engaged in:
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22 a. the manufacture of aerospace defense hardware or
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23 software,
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1 b. aerospace or defense maintenance, repair, and
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2 overhaul,
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3 c. the supply of parts to the aerospace or defense
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4 industry,
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5 d. the provisions of services and support relating to the
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6 aerospace or defense industry,
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7 e. research and development of aerospace technology and
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8 systems, and
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9 f. the training of aerospace or defense personnel;
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10 2. "CMMC" means the Cybersecurity Maturity Model Certification
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11 of the United States Department of Defense; and
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12 3. "Qualified employer" means a sole proprietor, general
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13 partnership, limited liability partnership, limited liability
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14 company, corporation, or other legally recognized business entity in
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15 this state whose business:
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16 a. is engaged in a contract for products or services with
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17 the United States Department of Defense that requires
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18 CMMC compliance,
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19 b. has between five and two hundred employees,
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20 c. is not compliant with CMMC as of January 1, 2026, and
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21 d. is involved in the aerospace and defense sector.
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22 B. For tax years 2026 through 2031, a qualified employer shall
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23 be allowed a credit against the tax imposed pursuant to Section 2355
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24 of Title 68 of the Oklahoma Statutes equal to fifty percent (50%) of
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1 compensation paid to employees while achieving CMMC compliance and
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2 expenses incurred to achieve CMMC compliance.
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3 C. The credit authorized by subsection B of this section shall
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4 not exceed Fifty Thousand Dollars ($50,000.00) cumulatively for all
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5 tax years for each qualified employer.
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6 D. To be eligible for the credit authorized pursuant to this
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7 section, a qualified employer shall achieve CMMC compliance.
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8 E. No credit shall be authorized pursuant to this section for
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9 compensation paid and expenses incurred to maintain CMMC compliance
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10 after initially achieving CMMC compliance.
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11 F. The credit authorized by this section shall not be used to
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12 reduce the tax liability of the taxpayer to less than zero (0).
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13 G. Any credit claimed, but not used, may be carried forward, in
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14 order, to each of the five (5) subsequent tax years.
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15 H. For tax year 2028 and subsequent tax years, the total amount
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16 of credits authorized pursuant to subsection B of this section shall
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17 be adjusted annually to limit the annual amount of credits to Ten
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18 Million Dollars ($10,000,000.00). The Oklahoma Tax Commission shall
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19 annually calculate and publish a percentage by which the credits
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20 authorized by this section shall be reduced so the total amount of
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21 credits used to offset tax does not exceed the annual limit. The
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22 formula to be used for the percentage adjustment shall be Ten
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23 Million Dollars ($10,000,000.00) divided by the amount of credit
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24 claimed in the second preceding tax year. In the event the total
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1 tax credits authorized by this section exceed the annual limit in
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2 any tax year, the Tax Commission shall permit any excess but shall
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3 factor such excess into the percentage adjustment formula for
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4 subsequent tax years.
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5 SECTION 2. This act shall become effective November 1, 2025.
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7 60-1-438 QD 12/30/2024 5:16:57 PM
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Req. No. 438 Page 4Every fact on this page links to its source, starting with the official bill record.