SB1392

Oklahoma SB1392 modifies the income tax credit for qualified aerospace sector employees, increasing the credit amount for certain tax years.

Oklahoma SB1392 amends the income tax credit for qualified employees in the aerospace sector. It increases the credit amount to $10,000 for tax years 2027 through 2031, while maintaining a $5,000 credit for tax years 2009 through 2026. The bill specifies that no credit can be claimed for events occurring after July 1, 2010, until July 1, 2011, after which credits can be claimed according to the new provisions. The changes will take effect on November 1, 2026.