Bill Status of HB3023  103rd General Assembly

Short Description:  REVENUE-HYDROGEN FUEL

House Sponsors
Rep. Lawrence "Larry" Walsh, Jr.

Last Action
DateChamber Action
  2/16/2023HouseReferred to Rules Committee

Statutes Amended In Order of Appearance
New Act
35 ILCS 5/234 new


Synopsis As Introduced
Creates the Hydrogen Fuel Replacement Tax Credit Act. Creates an income tax credit 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 that the credit shall be increased by $0.15 per kilogram of eligible zero-carbon hydrogen if the eligible taxpayer uses contractors or employs labor at a project location in an equity investment eligible community. Effective immediately.

Actions 
DateChamber Action
  2/16/2023HouseFiled with the Clerk by Rep. Lawrence "Larry" Walsh, Jr.
  2/16/2023HouseFirst Reading
  2/16/2023HouseReferred to Rules Committee