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New Bill Establishes Tax Credit for Users of Clean Hydrogen in Illinois

Friday, August 04, 2023 9:00 AM | Anonymous member (Administrator)

Governor Pritzker signed HB 2204 which establishes a tax credit for users of clean hydrogen in the state of Illinois. This new law creates a tax credit of $10 million per year in 2026 and 2027 for users of clean hydrogen. At the conclusion of the tax credit, the Illinois Environmental Protection Agency will conduct a comprehensive study to evaluate both the emissions impact of the tax credit and the national landscape to recommend additional policy measures to ensure Illinois remains competitive in the clean hydrogen economy and meets the clean energy goals outlined in the Climate and Equitable Jobs Act.

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