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<xml>
<title>Illinois General Assembly - Bill Status for HB 3023         </title>
<shortdesc>REVENUE-HYDROGEN FUEL</shortdesc>
<sponsor>
<sponsorhead1>House Sponsors</sponsorhead1><sponsors>Rep. Lawrence "Larry" Walsh, Jr.</sponsors>
</sponsor>
<lastaction>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</lastaction>
<synopsis>
<synopsistitle></synopsistitle>
<reference>New Act</reference><aliasreference></aliasreference><reference>35 ILCS 5/234 new</reference><aliasreference></aliasreference><SynopsisText>     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. Effective immediately.</SynopsisText></synopsis>
<actions>
<statusdate>2/16/2023</statusdate><chamber>House</chamber><action>Filed with the Clerk by Rep. Lawrence "Larry" Walsh, Jr.</action>
<statusdate>2/16/2023</statusdate><chamber>House</chamber><action>First Reading</action>
<statusdate>2/16/2023</statusdate><chamber>House</chamber><action>Referred to Rules Committee</action>
<statusdate>1/7/2025</statusdate><chamber>House</chamber><action>Session Sine Die</action>
</actions>
</xml>

