Creates the Hydrogen Fuel Replacement Tax Credit Act.

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.

Dead.

02/09/2023 First reading. Referred to Senate Committee on Assignments.
02/28/2023 Assigned to Senate Committee on Energy and Public Utilities.
03/09/2023 Passed from Senate Committee on Energy and Public Utilities.
03/28/2023 Passed second reading in Senate.
03/31/2023 Third reading deadline established as 4/28/23.
03/31/2023 Missed crossover deadline.