Date	Chamber	Action
1/7/2025	House	Session Sine Die

Statutes Amended In Order of Appearance

New Act

35 ILCS 5/240 new

Synopsis As Introduced
Creates the Hydrogen Fuel Replacement Tax Credit Act. Creates an income tax credit for eligible taxpayers in an amount equal to $1 per kilogram of eligible zero-carbon hydrogen used by the eligible taxpayer during the tax year for which a credit is sought. Provides for additional credits if the use of the zero-carbon hydrogen by the eligible taxpayer occurs in an equity investment eligible community. Provides that the total amount of tax credits to be allocated by the Department of Revenue to taxpayers for eligible zero-carbon hydrogen use occurring in the tax year ending during that State fiscal year shall not exceed $100,000,000, plus the amount of tax credits that were available to be allocated for eligible zero-carbon hydrogen use in the tax year ending during the prior State fiscal year but were not allocated. Effective immediately.

Actions 

Date	Chamber	Action
2/2/2023	House	Filed with the Clerk by Rep. Terra Costa Howard
2/7/2023	House	First Reading
2/7/2023	House	Referred to Rules Committee
2/8/2023	House	Added Chief Co-Sponsor Rep. Jay Hoffman
2/14/2023	House	Added Co-Sponsor Rep. Nicholas K. Smith
2/23/2023	House	Assigned to Revenue & Finance Committee
3/2/2023	House	To Revenue - Tax Credit and Incentives Subcommittee
3/7/2023	House	Added Co-Sponsor Rep. Lance Yednock
3/7/2023	House	Added Co-Sponsor Rep. Lawrence "Larry" Walsh, Jr.
3/7/2023	House	Added Co-Sponsor Rep. Robert "Bob" Rita
3/10/2023	House	Rule 19(a) / Re-referred to Rules Committee
3/23/2023	House	Added Chief Co-Sponsor Rep. Martin J. Moylan
3/23/2023	House	Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
10/4/2023	House	Added Co-Sponsor Rep. Harry Benton
1/7/2025	House	Session Sine Die

Back To Top