Bill > SB167

This bill adds green hydrogen facilities and infrastructure to renewable electric generation, which provides fuel diversity. It establishes green hydrogen business tax and property tax reduction programs, and creates a green hydrogen advisory committee within the Department of Energy. The bill defines "green hydrogen" as hydrogen derived from a clean energy resource using water as the source, and a "green hydrogen facility" as a facility that produces, stores, transports, or converts green hydrogen. The bill provides a business profits tax credit for investments in green hydrogen facilities and regenerative fuel cells, and a property tax reduction for owners of green hydrogen facilities. The advisory committee will examine various aspects of green hydrogen production and usage, and make recommendations to the state government.