KLS Keeping Law Simple Legislation in plain English

Straight-ahead summaries built from the official bill text. We keep the source links front and center and leave the decision up to you.

Back to Oklahoma

SB1392 • 2026

Income tax credit; modifying credit amount for qualified employee in aerospace sector. Effective date.

Income tax credit; modifying credit amount for qualified employee in aerospace sector. Effective date.

Labor Taxes
Active

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

Sponsor
Rader
Last action
2026-02-09
Official status
Referred to Appropriations
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.

Income tax credit; modifying credit amount for qualified employee in aerospace sector. Effective date.

Income tax credit; modifying credit amount for qualified employee in aerospace sector.

What This Bill Does

  • Income tax credit; modifying credit amount for qualified employee in aerospace sector.
  • Effective date.
  • Bill Summaries/Fiscal Impact for SB 1392 (Senate): Introduced (12/31/2025) Fiscal Impact Statements For SB 1392 (Senate): SB1392 INT 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.

Bill History

  1. 2026-02-09 Senate

    Reported Do Pass Revenue and Taxation committee; CR filed

  2. 2026-02-09 Senate

    Referred to Appropriations

  3. 2026-02-03 Senate

    Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee

  4. 2026-02-02 Senate

    First Reading

  5. 2026-02-02 Senate

    Authored by Senator Rader

  6. 2026-02-02 Senate

    Coauthored by Representative Pae (principal House author)

Official Summary Text

Income tax credit; modifying credit amount for qualified employee in aerospace sector. Effective date.
Bill Summaries/Fiscal Impact for SB 1392 (Senate): Introduced (12/31/2025)
Fiscal Impact Statements For SB 1392 (Senate): SB1392 INT FI.PDF (Fiscal (Senate))

Current Bill Text

Read the full stored bill text 
Req. No. 2458 Page 1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

STATE OF OKLAHOMA

2nd Session of the 60th Legislature (2026)

SENATE BILL 1392 By: Rader

AS INTRODUCED

An Act relating to income tax, amending 68 O.S. 2021,
Section 2357.304, as last amended by Section 3,
Chapter 402, O.S.L. 2025 (68 O.S. Supp. 2025, Section
2357.304), which relates to the tax credit for a
qualified employee in the aerospace sector; modifying
amount of credit for certain tax years; and providing
an effective date.

BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:
SECTION 1. AMENDATORY 68 O.S. 2021, Section 2357.304, as
last amended by Section 3, Chapter 402, O.S.L. 2025 (68 O.S. Supp.
2025, Section 2357.304), is amended to read as follows:
Section 2357.304. A. Except as provided in subsection D of
this section, for tax years 2009 through 2031, 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 tax years 2009 through 2026, and Ten
Thousand Dollars ($10,000.00) per tax year, for tax years 2027
through 2031, for a period of time not to exceed five (5) years

Req. No. 2458 Page 2
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24

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).
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 2. This act shall become effective November 1, 2026.

60-2-2458 QD 12/30/2025 10:35:15 PM