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HB2019 • 2026

Revenue and taxation; income tax credit; aerospace industry; effective date.

Revenue and taxation; income tax credit; aerospace industry; effective date.

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Pae
Last action
2025-04-28
Official status
Placed on General Order
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Revenue and taxation; income tax credit; aerospace industry; effective date.

Revenue and taxation; income tax credit; aerospace industry; effective date.

What This Bill Does

  • Revenue and taxation; income tax credit; aerospace industry; effective date.
  • Bill Summaries/Fiscal Impact for HB 2019 (House): Introduced (2/14/2025) Fiscal Impact Statements For HB 2019 (Senate): HB2019 ENGR FI.PDF (Fiscal (Senate))

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

Filed

Plain English: Filed

  • The official amendment file could not be read automatically during the last sync, so only the official amendment metadata is shown right now.

Bill History

  1. 2025-04-28 Senate

    Placed on General Order

  2. 2025-04-23 Senate

    Reported Do Pass as amended Appropriations committee; CR filed

  3. 2025-04-23 Senate

    Title stricken

  4. 2025-04-07 Senate

    Reported Do Pass Aeronautics and Transportation committee; CR filed

  5. 2025-04-07 Senate

    Referred to Appropriations

  6. 2025-04-01 Senate

    Second Reading referred to Aeronautics and Transportation Committee then to Appropriations Committee

  7. 2025-03-13 House

    Engrossed, signed, to Senate

  8. 2025-03-13 Senate

    First Reading

  9. 2025-03-12 House

    General Order

  10. 2025-03-12 House

    Third Reading, Measure passed: Ayes: 64 Nays: 24

  11. 2025-03-12 House

    Referred for engrossment

  12. 2025-03-06 House

    CR; Do Pass Appropriations and Budget Committee

  13. 2025-03-06 House

    Coauthored by Representative(s) Gise

  14. 2025-03-06 House

    Authored by Senator Pugh (principal Senate author)

  15. 2025-02-17 House

    Recommendation to the full committee; Do Pass Appropriations and Budget Transportation Subcommittee

  16. 2025-02-11 House

    Referred to Appropriations and Budget Transportation Subcommittee

  17. 2025-02-10 House

    Withdrawn from Rules Committee

  18. 2025-02-10 House

    Referred to Appropriations and Budget

  19. 2025-02-04 House

    Second Reading referred to Rules

  20. 2025-02-03 House

    First Reading

  21. 2025-02-03 House

    Authored by Representative Pae

Official Summary Text

Revenue and taxation; income tax credit; aerospace industry; effective date.
Bill Summaries/Fiscal Impact for HB 2019 (House): Introduced (2/14/2025)
Fiscal Impact Statements For HB 2019 (Senate): HB2019 ENGR FI.PDF (Fiscal (Senate))

Current Bill Text

Read the full stored bill text 
ENGR. H. B. NO. 2019 Page 1
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ENGROSSED HOUSE
BILL NO. 2019 By: Pae and Gise of the House

and

Pugh of the Senate

An Act relating to revenue and taxation; amending 68
O.S. 2021, Section 2357.302, which relates to
aerospace industry tax credit for employee tuition
reimbursement; amending 68 O.S. 2021, Section
2357.303, which relates to aerospace industry tax
credit for compensation paid to employees; amending
68 O.S. 2021, Section 2357.304, as amended by Section
2, Chapter 313, O.S.L. 2024 (68 O.S. Supp. 2024,
Section 2357.304), which relates to aerospace
industry credit for employees; modifying dates to
extend credits; and providing an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 68 O.S. 2021, Section 2357.302, is
amended to read as follows:
Section 2357.302. A. Except as provided in subsection F of
this section, for taxable years beginning after December 31, 2008,
and ending before January 1, 2026 2032, a qualified employer shall
be allowed a credit against the tax imposed pursuant to Section 2355
of this title for tuition reimbursed to a qualified employee.
B. The credit authorized by subsection A of this section may be
claimed only if the qualified employee has been awarded an

ENGR. H. B. NO. 2019 Page 2
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undergraduate or graduate degree within one (1) year of commencing
employment with the qualified employer.
C. The credit authorized by subsection A of this section shall
be in the amount of fifty percent (50%) of the tuition reimbursed to
a qualified employee for the first through fourth years of
employment. In no event shall this credit exceed fifty percent
(50%) of the average annual amount paid by a qualified employee for
enrollment and instruction in a qualified program at a public
institution in Oklahoma.
D. The credit authorized by subsection A of this section shall
not be used to reduce the tax liability of the qualified employer to
less than zero (0).
E. No credit authorized by this section shall be claimed after
the fourth year of employment.
F. No credit otherwise authorized by the provisions of this
section may be claimed for any event, transaction, investment,
expenditure or other act occurring on or after July 1, 2010, for
which the credit would otherwise be allowable. The provisions of
this subsection shall cease to be operative on July 1, 2011.
Beginning July 1, 2011, the credit authorized by this section may be
claimed for any event, transaction, investment, expenditure or other
act occurring on or after July 1, 2011, according to the provisions
of this section.

ENGR. H. B. NO. 2019 Page 3
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SECTION 2. AMENDATORY 68 O.S. 2021, Section 2357.303, is
amended to read as follows:
Section 2357.303. A. Except as provided in subsection F of
this section, for taxable years beginning after December 31, 2008,
and ending before January 1, 2026 2032, a qualified employer shall
be allowed a credit against the tax imposed pursuant to Section 2355
of this title for compensation paid to a qualified employee.
B. The credit authorized by subsection A of this section shall
be in the amount of:
1. Ten percent (10%) of the compensation paid for the first
through fifth years of employment in the aerospace sector if the
qualified employee graduated from an institution located in this
state; or
2. Five percent (5%) of the compensation paid for the first
through fifth years of employment in the aerospace sector if the
qualified employee graduated from an institution located outside
this state.
C. The credit authorized by this section shall not exceed
Twelve Thousand Five Hundred Dollars ($12,500.00) for each qualified
employee annually.
D. The credit authorized by this section shall not be used to
reduce the tax liability of the qualified employer to less than zero
(0).

ENGR. H. B. NO. 2019 Page 4
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E. No credit authorized pursuant to this section shall be
claimed after the fifth year of employment.
F. No credit otherwise authorized by the provisions of this
section may be claimed for any event, transaction, investment,
expenditure or other act occurring on or after July 1, 2010, for
which the credit would otherwise be allowable. The provisions of
this subsection shall cease to be operative on July 1, 2011.
Beginning July 1, 2011, the credit authorized by this section may be
claimed for any event, transaction, investment, expenditure or other
act occurring on or after July 1, 2011, according to the provisions
of this section.
SECTION 3. AMENDATORY 68 O.S. 2021, Section 2357.304, as
amended by Section 2, Chapter 313, O.S.L. 2024 (68 O.S. Supp. 2024,
Section 2357.304), is amended to read as follows:
Section 2357.304. A. Except as provided in subsection D of
this section, for taxable years beginning after December 31, 2008,
and ending before January 1, 2026 2032, a qualified employee shall
be allowed a credit against the tax imposed pursuant to Section 2355
of this title of up to Five Thousand Dollars ($5,000.00) per tax
year for a period of time not to exceed five (5) years during the
lifetime of the qualified employee. This credit may be claimed in
nonconsecutive tax years.
B. The credit authorized by this section shall not be used to
reduce the tax liability of the taxpayer to less than zero (0).

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C. Any credit claimed, but not used, may be carried over, in
order, to each of the five (5) subsequent taxable years.
D. No credit otherwise authorized by the provisions of this
section may be claimed for any event, transaction, investment,
expenditure or other act occurring on or after July 1, 2010, for
which the credit would otherwise be allowable. The provisions of
this subsection shall cease to be operative on July 1, 2011.
Beginning July 1, 2011, the credit authorized by this section may be
claimed for any event, transaction, investment, expenditure or other
act occurring on or after July 1, 2011, according to the provisions
of this section.
SECTION 4. This act shall become effective November 1, 2025.
Passed the House of Representatives the 12th day of March, 2025.

Presiding Officer of the House
of Representatives

Passed the Senate the ___ day of __________, 2025.

Presiding Officer of the Senate