Bill Sponsors: IL HB2204 | 2023-2024 | 103rd General Assembly

Bill Title: 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 immediately preceding year. Provides for additional credits if the use of the zero-carbon hydrogen by the eligible taxpayer occurs in an equity investment eligible community. Contains provisions concerning applications and credit allocation by the Department of Commerce and Economic Opportunity. Amends the Illinois Income Tax Act to make conforming changes. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 18-3)

Status: (Passed) 2023-07-25 - Public Act . . . . . . . . . 103-0268 [HB2204 Detail]

Text: Latest bill text (Chaptered) [HTML]

Sponsors

NameTypeSponsorshipDistrictFinancialEncyclopediaBiography
Representative Terra Costa Howard [D]PrimarySponsored BillsHD-042FollowTheMoneyBallotpediaVoteSmart
Representative Cyril Nichols [D]CosponsorSponsored BillsHD-032N/ABallotpediaVoteSmart
Representative Stephanie Kifowit [D]CosponsorSponsored BillsHD-084FollowTheMoneyBallotpediaVoteSmart
Representative Lance Yednock [D]CosponsorSponsored BillsHD-076FollowTheMoneyBallotpediaVoteSmart
Representative Jaime Andrade [D]CosponsorSponsored BillsHD-040FollowTheMoneyBallotpediaVoteSmart
Representative Carol Ammons [D]CosponsorSponsored BillsHD-103FollowTheMoneyBallotpediaVoteSmart
Representative Robert Rita [D]CosponsorSponsored BillsHD-028FollowTheMoneyBallotpediaVoteSmart
Representative Martin Moylan [D]CosponsorSponsored BillsHD-055FollowTheMoneyBallotpediaVoteSmart
Representative Jay Hoffman [D]CosponsorSponsored BillsHD-113FollowTheMoneyBallotpediaVoteSmart
Representative Harry Benton [D]CosponsorSponsored BillsHD-097FollowTheMoneyBallotpediaVoteSmart
Representative Lawrence Walsh [D]CosponsorSponsored BillsHD-086FollowTheMoneyBallotpediaVoteSmart
Senator Mark Walker [D]CosponsorSponsored BillsSD-027FollowTheMoneyBallotpediaVoteSmart
Representative Laura Faver Dias [D]CosponsorSponsored BillsHD-062FollowTheMoneyBallotpediaVoteSmart
Senator David Koehler [D]PrimarySponsored BillsSD-046FollowTheMoneyBallotpediaVoteSmart
Senator Rachel Ventura [D]CosponsorSponsored BillsSD-043FollowTheMoneyBallotpediaVoteSmart
Senator Susan Rezin [R]CosponsorSponsored BillsSD-038FollowTheMoneyBallotpediaVoteSmart
Senator Mattie Hunter [D]CosponsorSponsored BillsSD-003FollowTheMoneyBallotpediaVoteSmart
Senator Laura Ellman [D]CosponsorSponsored BillsSD-021FollowTheMoneyBallotpediaVoteSmart
Senator Meg Loughran Cappel [D]CosponsorSponsored BillsSD-049FollowTheMoneyBallotpediaVoteSmart
Senator Sally Turner [R]CosponsorSponsored BillsSD-044FollowTheMoneyBallotpediaVoteSmart
Senator Dan McConchie [R]CosponsorSponsored BillsSD-026FollowTheMoneyBallotpediaVoteSmart

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