Bill > HB1092

This bill establishes the Oklahoma Trade School Tuition Tax Credit, which provides a tax credit of up to $7,500 for individuals who complete certification from a qualifying trade or vocational school in Oklahoma starting in 2026. A "qualified program" includes specialized training schools in fields like HVAC, plumbing, automotive mechanics, electrical work, carpentry, welding, and construction. To be eligible, taxpayers can claim the credit only once and must do so within three years of receiving their certification, and the credit cannot reduce their income tax liability below zero. Importantly, individuals who have already received a postsecondary tuition scholarship from an Oklahoma technology center school are not eligible for this tax credit. If the full credit is not used in a given tax year, it can be carried forward and applied to taxes in the next three consecutive years. The bill will become effective on November 1, 2025, providing a future incentive for individuals to pursue technical and trade school education in Oklahoma.

Budget and Finance, Labor and Employment

http://www.oklegislature.gov/BillInfo.aspx?Bill=hb1092&Session=2600