HB 4273 — Income tax; definition; employees; aerospace; higher education; effective date.

HOUSEENGROSSED OF REPRESENTATIVES - FLOOR VERSION STATE OF OKLAHOMA 2nd Session of the 60th Legislature (2026) COMMITTEE SUBSTITUTE FOR HOUSE BILL NO.

Miller of the House and Rader of the Senate 95 COMMITTEE7 SUBSTITUTE [ income tax – credit – employees – aerospace – higher education – effective date ] BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLAHOMA:

HB4273 HFLR Page 1 BOLD FACE denotes Committee Amendments.

"Aerospace sector" means a private or public organization located in this state and engaged in the manufacture of aerospace or defense hardware or software, aerospace maintenance, aerospace repair and overhaul, supply of parts to the aerospace industry, provision of services and support relating to the aerospace industry,ENGR. research and development of aerospace technology and systems and the education and training of aerospace personnel;

H.

B.

NO.

4273 Page 1 industry, research and development of aerospace technology and systems and the education and training of aerospace personnel;

HB4273 HFLR Page 2 BOLD FACE denotes Committee Amendments.

"Qualified employee" means any person, regardless of the date of hire, employed in this state by or contracting in this state with a qualified employer on or after January 1, 2009, who was not employed in the aerospace sector in this state immediately preceding employmentENGR. or contracting with a qualified employer, and who has been either:

H.

B.

NO.

4273 Page 2 employment or contracting with a qualified employer, and who has been either:

Provided, the definition of qualified employee for an individual employed or under contract with an institution of higher education located within this state that has an R1 research designation and that has a research and education institute dedicated to aerospace HB4273research HFLRand Pagetechnology 3only BOLDapplies FACEto denotesthose Committeeindividuals Amendments.actively working within a research, innovation, and education institute dedicated to aerospace research and technology.

researchENGR. and technology only applies to those individuals actively working within a research, innovation, and education institute dedicated to aerospace research and technology.

BeginningH. on or after January 1, 2024, the definition shall also not be interpreted to exclude any person (1) who previously qualified and established the credit against the tax imposed pursuant to Section 2355 of this title and becomes employed by a different qualified employer, or (2) who establishes the credit against the tax imposed pursuant to Section 2355 of this title for the first time and becomes employed by a different qualified employer in subsequent years, provided a person in either case has not claimed the credit for the lifetime maximum of five (5) years;

B.

NO.

4273 Page 3 Beginning on or after January 1, 2024, the definition shall also not be interpreted to exclude any person (1) who previously qualified and established the credit against the tax imposed pursuant to Section 2355 of this title and becomes employed by a different qualified employer, or (2) who establishes the credit against the tax imposed pursuant to Section 2355 of this title for the first time and becomes employed by a different qualified employer in subsequent years, provided a person in either case has not claimed the credit for the lifetime maximum of five (5) years;

HB4273 HFLR Page 4 BOLD FACE denotes Committee Amendments.

3ENGR. COMMITTEE REPORT BY:

COMMITTEEH. ON APPROPRIATIONS AND BUDGET, dated 02/25/2026 - DO PASS, As Amended and Coauthored.

5B. 7 9 HB4273 HFLR Page 5 BOLD FACE denotes Committee Amendments.

NO.

4273 Page 4 Passed the House of Representatives the 9th day of March, 2026.

3 Presiding Officer of the House of Representatives 6 Passed the Senate the ___ day of __________, 2026.

8 Presiding Officer of the Senate ENGR.

H.

B.

NO.

4273 Page 5