Income tax; providing credit to qualified employers for certain compensation paid and expenses incurred. Effective date.

SB 236 creates a tax credit for Oklahoma employers in the aerospace and defense sector that must meet U.S. Department of Defense cybersecurity requirements (CMMC). It allows qualifying businesses (with 5-200 employees not yet CMMC-compliant as of 2026) to claim a 50% credit on wages and expenses incurred while achieving initial CMMC compliance, capped at $50,000 total per business through 2031. The credit cannot reduce tax below zero, may be carried forward for up to five years, and is limited to $10 million annually across all businesses. This bill directly affects Oklahoma aerospace/defense employers seeking federal contracts requiring CMMC certification.