Bill Status of SB 1711   103rd General Assembly


Short Description:  REVENUE-HYDROGEN FUEL CREDIT

Senate Sponsors
Sen. David Koehler and Rachel Ventura-Sue Rezin

Last Action  View All Actions

DateChamber Action
  4/28/2023SenateRule 3-9(a) / Re-referred to Assignments

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 
DateChamber Action
  2/9/2023SenateFiled with Secretary by Sen. Laura Ellman
  2/9/2023SenateFirst Reading
  2/9/2023SenateReferred to Assignments
  2/23/2023SenateAdded as Co-Sponsor Sen. Rachel Ventura
  2/28/2023SenateAssigned to Energy and Public Utilities
  3/7/2023SenateChief Sponsor Changed to Sen. David Koehler
  3/8/2023SenateWaive Posting Notice
  3/9/2023SenateDo Pass Energy and Public Utilities; 017-000-000
  3/9/2023SenatePlaced on Calendar Order of 2nd Reading March 10, 2023
  3/10/2023SenateAdded as Chief Co-Sponsor Sen. Sue Rezin
  3/28/2023SenateSecond Reading
  3/28/2023SenatePlaced on Calendar Order of 3rd Reading March 29, 2023
  3/31/2023SenateRule 2-10(a) Third Reading Deadline Established As April 28, 2023
  4/28/2023SenateRule 3-9(a) / Re-referred to Assignments

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