Oklahoma 2022 Regular Session

Oklahoma Senate Bill SB941 Compare Versions

Version 1 (Old)

Version 2 (New)

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3		-	SB941 HFLR Page 1
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	3	+	ENGR. S. B. NO. 941 Page 1 1
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29		-	HOUSE OF REPRESENTATIVES - FLOOR VERSION
30		-
31		-	STATE OF OKLAHOMA
32		-
33		-	1st Session of the 58th Legislature (2021)
34	27
35	28		ENGROSSED SENATE
36	29		BILL NO. 941 By: Jett of the Senate
37	30
38	31		and
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40	33		Steagall of the House
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45	38		An Act relating to income tax; amending 68 O.S. 2011,
46	39		Section 2357.301, as amended by Section 1, Chapter
47	40		30, O.S.L. 2014 (68 O.S. Supp. 2020, Section
48	41		2357.301), which relates to definitions; modifying
49	42		definition; and providing an effective date .
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55	48		BE IT ENACTED BY THE PEOPLE OF THE STATE OF OKLA HOMA:
56	49		SECTION 1. AMENDATORY 68 O.S. 2011, Section 2357.301, as
57	50		amended by Section 1, Chapter 30, O.S.L. 2014 (68 O.S. Supp. 2020,
58	51		Section 2357.301), is amended to read as follows:
59	52		Section 2357.301. As used in Sections 2357.301 th rough 2357.304
60	53		of this title:
61	54		1. “Aerospace sector” means a private or public organization
62	55		engaged in the manufacture of aerospace or defense hardware or
63	56		software, aerospace maintenance, space maintenance, aerospace repair
64	57		and overhaul, supply of parts to the aerospace industry, provision
65	58		of services and support relating to the aerospace industry, research
	59	+	and development of aerospace and space technology and systems, and
	60	+	the education and training of aerospace and space personnel.
	61	+	Aerospace sector shall include but not be limited to those aerospace
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67		-	SB941 HFLR Page 2
68		-	BOLD FACE denotes Committee Amendments. 1
	63	+	ENGR. S. B. NO. 941 Page 2 1
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93		-	and development of aerospace and space technology and systems, and
94		-	the education and training of aerospace and space personnel.
95		-	Aerospace sector shall include but not be limited to those aerospace
96	88		product and parts manufacturing activities defined or classified in
97	89		the North American Industry Classification System (NAICS) Manual
98	90		under U.S. Industry Group No. 3364 ;
99	91		2. “Compensation” means payments in the form of contract labor
100	92		for which the payor is required to provide a Form 1099 to the person
101	93		paid, wages subject to withholding tax paid to a part -time employee
102	94		or full-time employee, or salary or other remuneration.
103	95		Compensation shall not include employer -provided retirement, medical
104	96		or health-care benefits, reimbursement for travel, meals, lodging or
105	97		any other expense;
106	98		3. “Institution” means an institution within The Oklahoma State
107	99		System of Higher Education or any o ther public or private college or
108	100		university that is accredited by a nation al accrediting body;
109	101		4. “Qualified employer” means a sole proprietor , general
110	102		partnership, limited partnership, limited liability company,
111	103		corporation, other legally recognized bus iness entity, or public
112	104		entity whose principal business activity involves t he aerospace
113	105		sector;
114	106		5. “Qualified employee” means any person, regar dless of the
115	107		date of hire, employed in this state by or contracting in this state
116	108		with a qualified employer on o r after January 1, 2009, who has been
	109	+	awarded an undergraduate or graduate degree from a qualified program
	110	+	by an institution, and who was not em ployed in the aerospace sector
	111	+	in this state immediately preceding employment or contracting with a
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118		-	SB941 HFLR Page 3
119		-	BOLD FACE denotes Committee Amendments. 1
	113	+	ENGR. S. B. NO. 941 Page 3 1
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144		-	awarded an undergraduate or graduate degree from a qualified program
145		-	by an institution, and who was not employed in the aerospace sector
146		-	in this state immediately preceding employment or contracting with a
147	138		qualified employer. Provided, the definition shal l not be
148	139		interpreted to exclude any p erson who was employed in the aerospace
149	140		sector, but not as a full -time engineer, prior to being awarded an
150	141		undergraduate or graduate degree from a qualified program by an
151	142		institution or any person who has been awarded a n undergraduate or
152	143		graduate degree from a qualified program by an institution and is
153	144		employed by a profess ional staffing company and assigned to work in
154	145		the aerospace sector in this state;
155	146		6. “Qualified program” means a program that has been accredited
156	147		by the Engineering Accreditation Commis sion of the Accreditation
157	148		Board for Engineering and Technology (ABET) and that awards an
158	149		undergraduate or graduate degree; and
159	150		7. “Tuition” means the average annual amount paid by a
160	151		qualified employee for enrollment an d instruction in a qualified
161	152		program. Tuition shall not include the cost of books, fees or room
162	153		and board.
163	154		SECTION 2. This act shall become effective November 1, 2021.
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165		-	COMMITTEE REPORT BY: COMMITTEE ON APPROPRIATIONS AND BUDGET, dated
166		-	04/15/2021 - DO PASS.
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	181	+	Passed the Senate the 9th day of March, 2021.
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	185	+	Presiding Officer of the Senate
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	188	+	Passed the House of Representatives the ____ day of __________,
	189	+	2021.
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	193	+	Presiding Officer of the House
	194	+	of Representatives
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