HB2260

Oklahoma HB2260 provides income tax credits for employers hiring civil engineers and reimbursing their tuition.

Oklahoma HB2260 introduces income tax credits for employers in the civil engineering sector. Employers can claim a credit of up to $5,000 per year for five years for hiring qualified employees. Additionally, employers can claim a credit of up to 50% of tuition reimbursement for four years for qualified employees. A qualified employee is defined as someone employed in civil engineering in Oklahoma who either graduated from an accredited engineering program or is licensed as a Professional Engineer. The credits cannot reduce the employer's tax liability below zero.