INTIEAUnited States · Tax credit for hydrogen use (Illinois)PolicyIn force

Tax credit for hydrogen use (Illinois)

This legislation 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 run a comprehensive study to evaluate both the emissions impact of the tax credit…

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Country / jurisdiction: United States · Year: 2023 · Status: In force · Level: State/Provincial · Type: Voluntary

This legislation 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 run 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

Official source: https://www.illinois.gov/news/press-release.26755.html

Source

https://www.iea.org/policies/28096

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