Establishes the aerospace tax incentive accountability act.

Declares it is the legislature's specific public policy objective to maintain and grow the state's aerospace industry workforce to one hundred thousand five hundred employment positions by 2040.

Requires the joint legislative audit and review committee to assess: (1) Whether aerospace industry employment within the state is on target to reach an employment level of one hundred thousand five hundred by 2040; and

(2) Growth in high-wage employment, as defined by an annual or hourly wage equal to or greater than the state median wage.