Illinois House Bill 2051 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 9-0)
Status: Failed on January 7 2025 - 100% progression
Action: 2025-01-07 - Session Sine Die
Text: Latest bill text (Introduced) [HTML]

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.

REVENUE-HYDROGEN FUEL CREDIT

Rep. Terra Costa Howard [D]	Rep. Jay Hoffman [D]	Rep. Martin Moylan [D]	Rep. Nicholas Smith [D]
Rep. Lance Yednock [D]	Rep. Lawrence Walsh [D]	Rep. Robert Rita [D]	Rep. Jaime Andrade [D]
Rep. Harry Benton [D]

Date	Chamber	Action
2025-01-07	House	Session Sine Die
2023-10-04	House	Added Co-Sponsor Rep. Harry Benton
2023-03-23	House	Added Co-Sponsor Rep. Jaime M. Andrade, Jr.
2023-03-23	House	Added Chief Co-Sponsor Rep. Martin J. Moylan
2023-03-10	House	Rule 19(a) / Re-referred to Rules Committee
2023-03-07	House	Added Co-Sponsor Rep. Robert "Bob" Rita
2023-03-07	House	Added Co-Sponsor Rep. Lawrence "Larry" Walsh, Jr.
2023-03-07	House	Added Co-Sponsor Rep. Lance Yednock
2023-03-02	House	To Revenue - Tax Credit and Incentives Subcommittee
2023-02-23	House	Assigned to Revenue & Finance Committee
2023-02-14	House	Added Co-Sponsor Rep. Nicholas K. Smith
2023-02-08	House	Added Chief Co-Sponsor Rep. Jay Hoffman
2023-02-07	House	Referred to Rules Committee
2023-02-07	House	First Reading
2023-02-02	House	Filed with the Clerk by Rep. Terra Costa Howard

Chapter	Article	Section	Citation Type	Statute Text
35	5	240	New Code	See Bill Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2051&GAID=17&DocTypeID=HB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/HB/10300HB2051.htm