Bill > HB4273

This bill amends existing Oklahoma law to expand the definition of a "qualified employer" to include four-year institutions of higher education with an R1 research designation that have a dedicated institute for aerospace research and technology, and it clarifies that for such institutions, a "qualified employee" must be actively working within that specific aerospace research and technology institute. The bill also specifies that individuals who previously qualified for a tax credit and move to a different qualified employer, or who establish the credit for the first time and then move to a different qualified employer, can still claim the credit as long as they have not exceeded the five-year lifetime maximum. This legislation is set to become effective on January 1, 2027.

Budget and Finance

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb4273&Session=2600