House Bill No. 2260 introduces a series of income tax credits aimed at supporting employers and employees in the civil engineering sector in Oklahoma. The bill defines key terms such as "compensation," "institution," "qualified employer," "qualified employee," "qualified program," and "tuition." It establishes tax credits for employers who reimburse tuition for qualified employees, with the credit amount set at 50% of the reimbursed tuition, capped at the average annual tuition for public institutions in Oklahoma. Additionally, the bill allows for tax credits based on compensation paid to qualified employees, with varying percentages depending on whether the employee graduated from an in-state or out-of-state institution. Importantly, these credits cannot reduce the employer's tax liability to less than zero and are limited to specific time frames.

The bill also provides a tax credit for qualified employees themselves, allowing them to claim up to $5,000 per year for five years, which can be carried over if not fully utilized. The credits are applicable for taxable years beginning after December 31, 2025, and ending before January 1, 2031. The act is set to take effect on November 1, 2025, and aims to incentivize the hiring and retention of civil engineering professionals in Oklahoma by providing financial relief to both employers and employees in the field.