SB287

Oklahoma SB287 modifies tax years for aerospace tax credit eligibility.

Oklahoma SB287 amends the income tax code to modify the tax years for which credits can be claimed by qualified employers and employees in the aerospace sector. The bill adjusts the credit eligibility period, allowing credits to be claimed for taxable years beginning after December 31, 2008, and ending before January 1, 2026. It also specifies the credit amount based on the employee's educational background and employment duration. The changes become effective November 1, 2025.