IL HB 3023
Author
Larry Walsh
200-9S Stratton Office Building
Springfield, IL 62706
217-782-8090
statereplarrywalshjr@gmail.com
Author Detail Link
Bill Text
Category
Fuel Tax
State
IL
Summary
Creates the Hydrogen Fuel Replacement Tax Credit Act.
Issue
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.
Notes
Dead.
History
02/16/2023 Introduced. Referred to House Committee on Rules.
03/31/2023 Missed crossover deadline.