Bill > SB236

This bill introduces a tax credit program for small to mid-sized businesses in Oklahoma's aerospace and defense sector that are working to obtain Cybersecurity Maturity Model Certification (CMMC) from the U.S. Department of Defense. Specifically, for tax years 2026 through 2031, qualifying employers with 5-200 employees who are not yet CMMC compliant can receive a tax credit equal to 50% of the compensation paid to employees and expenses incurred while achieving CMMC certification. The credit is capped at $50,000 per employer across all tax years, cannot reduce tax liability below zero, and can be carried forward for up to five subsequent tax years. Starting in 2028, the total annual credits available will be limited to $10 million, with the Oklahoma Tax Commission adjusting the percentage of credits proportionally if the total claimed exceeds this amount. To be eligible, employers must fully achieve CMMC compliance, and no credits will be allowed for maintaining compliance after initial certification. The bill becomes effective on November 1, 2025, providing a structured incentive for small defense-related businesses to improve their cybersecurity standards.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=sb236&Session=2600