Revenue and taxation; income tax credit; biomanufacturing; effective date.

HB 2366 creates a $5,000 annual income tax credit for qualified employees working in Oklahoma's biomanufacturing sector. It directly affects employees who hold ABET-accredited degrees or are licensed professional engineers, hired on or after January 1, 2026, by qualified employers (businesses primarily in biomanufacturing). The credit can be claimed for up to five years total, reducing state income tax liability but not below zero, with unused credits carryable to future years. This policy aims to support workforce development in biomanufacturing by providing tax relief to eligible employees.