Bill
Bill > HB2457
OK HB2457
Workforce development; Oklahoma NextGen Employee Development Program; findings; definitions; Department of Commerce; Oklahoma Tax Commission; workforce training; payments; wages; NextGen Employee Development Program Revolving Fund; effective date; emergency.
summary
Introduced
02/06/2023
02/06/2023
In Committee
04/10/2023
04/10/2023
Crossed Over
03/21/2023
03/21/2023
Passed
Dead
05/31/2024
05/31/2024
Introduced Session
2023 Regular Session
Bill Summary
An Act relating to workforce development; enacting the Oklahoma NextGen Employee Development Program; defining terms; making legislative findings; providing for design of program; providing for administration; providing for quantitative measurement of program outcomes; providing for high priority employer categories; prescribing system for reimbursement to employers; prescribing procedures for payment of reimbursements; creating the Oklahoma NextGen Employee Development Program Revolving Fund; providing for sources of revenue; providing for expenditures from revolving fund; providing for noncodification; providing for codification; providing an effective date; and declaring an emergency.
AI Summary
This bill enacts the Oklahoma NextGen Employee Development Program, which is designed to offset training costs incurred by certain high-priority employers in industries such as aerospace, defense, biotechnology, life sciences, energy diversification, and renewable resources. The program is administered by the Oklahoma Department of Commerce and funded through the Oklahoma Tax Commission. Eligible employers can receive reimbursements of up to 15% of the first year's wages for new hires, up to $15,000 per new hire, as long as the new hire's annual wages are at least $50,000. The program aims to increase employer-sponsored workforce training, direct training to industry needs, and ensure Oklahoma's competitiveness in high-growth industries.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (5)
Last Action
(on 01/01/1900)
Official Document
bill text
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