House Bill No. 1092, introduced by Eaves, establishes the "Oklahoma Trade School Tuition Tax Credit," aimed at providing financial relief to individuals pursuing vocational education in Oklahoma. The bill defines key terms, including "qualified program," which refers to trade or vocational schools offering specialized training in fields such as HVAC, plumbing, automotive mechanics, electrical work, carpentry, welding, and construction. Eligible taxpayers can claim a tax credit of up to $7,500 or the actual tuition costs incurred, whichever is less, for attending a qualified program. This credit can only be claimed once and must be utilized within three years of receiving certification from the program.

Additionally, the bill stipulates that the tax credit cannot reduce a taxpayer's income tax liability below zero, and any unused portion of the credit can be carried over to the next three taxable years. The provisions of this act will take effect on November 1, 2025.