Illinois General Assembly - Bill Status for HB5818
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 Bill Status of HB5818  102nd General Assembly


House Sponsors
Rep. Michael J. Zalewski - Terra Costa Howard

Last Action
DateChamber Action
  1/10/2023HouseSession 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. Provides that, for tax years ending on or after December 31, 2023, an income tax credit is allowed to 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 environmental justice community or the eligible taxpayer uses contractors or employs labor at a project location 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.

DateChamber Action
  10/7/2022HouseFiled with the Clerk by Rep. Michael J. Zalewski
  11/16/2022HouseFirst Reading
  11/16/2022HouseReferred to Rules Committee
  11/30/2022HouseAdded Chief Co-Sponsor Rep. Terra Costa Howard
  1/10/2023HouseSession Sine Die

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