House Bill No. 2260 introduces new 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 for the first four years of employment, capped at the average annual tuition for public institutions in Oklahoma. Additionally, it allows credits for compensation paid to qualified employees, with varying percentages based on whether the employee graduated from an in-state or out-of-state institution, and imposes a limit of $12,500 per employee annually.

The bill also provides a tax credit for qualified employees themselves, allowing up to $5,000 per year for five years, which can be carried over if not fully utilized. Importantly, all credits cannot reduce the employer's or employee's tax liability to less than zero. The provisions of this act will take effect on November 1, 2025, and the credits are applicable for taxable years beginning after December 31, 2025, and ending before January 1, 2031.