Legislative findings; purpose

35 ILCS 55/5, under Hydrogen Fuel Replacement Tax Credit Act.

35 ILCS 55/5

(35 ILCS 55/5)

    Sec. 5. Legislative findings; purpose. The General Assembly finds that:         (1) the health, welfare, and prosperity of all     Illinois residents require that the State of Illinois act to reduce carbon emissions and other air pollutants in the State;        (2) the State currently invests in a variety of     strategies to reduce carbon emissions and other air pollutants, including, but not limited to, strategies that encourage the use of renewable energy, nuclear energy, energy efficient processes, and low-emission vehicles;        (3) qualifying hydrogen can be produced through the     electrolysis of water using electricity generated by emissions-free energy sources;        (4) replacing fossil fuels and hydrogen produced from     fossil fuels with qualifying hydrogen can reduce carbon emissions and other air pollutants and benefit the environment and public health of this State; and        (5) qualifying hydrogen should be used only where it     will reduce carbon emissions and other air pollutants and should primarily be used to replace hydrogen that is not qualifying hydrogen or in sectors where direct electrification is infeasible.     This Act is intended to encourage the replacement of fossil fuels and hydrogen produced from fossil fuels with qualifying hydrogen for the purposes of promoting decarbonization and improving the State's air quality.

(Source: P.A. 103-268, eff. 7-25-23.)