This bill introduces several income tax credits aimed at supporting employers and employees in the civil engineering sector in Oklahoma. It defines key terms such as "compensation," "institution," "qualified employer," "qualified employee," "qualified program," and "tuition." The bill allows qualified employers to claim tax credits for tuition reimbursements, compensation paid to qualified employees, and certain income received as civil engineers. Specifically, it provides a 50% credit for tuition reimbursed to qualified employees for the first four years of employment, a 10% credit for compensation paid to employees who graduated from in-state institutions, and a 5% credit for those from out-of-state institutions, with a cap of $12,500 per employee annually.

Additionally, the bill stipulates that these credits cannot reduce the employer's tax liability to less than zero and sets a timeframe for claiming these credits, which are available for taxable years beginning after December 31, 2025, and ending before January 1, 2031. The legislation also allows qualified employees to claim a credit of up to $5,000 per year for five years, with unused credits eligible for carryover. The act is set to take effect on November 1, 2025.