IL SB1711 | 2023-2024 | 103rd General Assembly
Status
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on February 9 2023 - 25% progression
Action: 2023-04-28 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 9 2023 - 25% progression
Action: 2023-04-28 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]
Summary
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.
Title
REVENUE-HYDROGEN FUEL CREDIT
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-04-28 | Senate | Rule 3-9(a) / Re-referred to Assignments |
2023-03-31 | Senate | Rule 2-10(a) Third Reading Deadline Established As April 28, 2023 |
2023-03-28 | Senate | Placed on Calendar Order of 3rd Reading March 29, 2023 |
2023-03-28 | Senate | Second Reading |
2023-03-10 | Senate | Added as Chief Co-Sponsor Sen. Sue Rezin |
2023-03-09 | Senate | Placed on Calendar Order of 2nd Reading March 10, 2023 |
2023-03-09 | Senate | Do Pass Energy and Public Utilities; 017-000-000 |
2023-03-08 | Senate | Waive Posting Notice |
2023-03-07 | Senate | Chief Sponsor Changed to Sen. David Koehler |
2023-02-28 | Senate | Assigned to Energy and Public Utilities |
2023-02-23 | Senate | Added as Co-Sponsor Sen. Rachel Ventura |
2023-02-09 | Senate | Referred to Assignments |
2023-02-09 | Senate | First Reading |
2023-02-09 | Senate | Filed with Secretary by Sen. Laura Ellman |
Code Citations
Illinois State Sources
Type | Source |
---|---|
Summary | https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1711&GAID=17&DocTypeID=SB&SessionID=112&GA=103 |
Text | https://www.ilga.gov/legislation/103/SB/10300SB1711.htm |