Provides corporation business tax credits and gross income tax credits for purchase of certain hydrogen fuel cell vehicles.

This bill provides tax credits to businesses that purchase hydrogen fuel cell vehicles for use in their operations. Specifically, it allows a 25% credit (up to $15,000) for 2023 purchases, decreasing to 15% ($9,000) in 2024 and 8% ($5,000) in 2025. To qualify, businesses must obtain certification from the Environmental Protection Commissioner confirming the vehicle meets the definition of a hydrogen fuel cell vehicle (powered by hydrogen cells converting chemical energy to electricity). The credits apply against corporation business tax and gross income tax, with limits preventing credits from exceeding 50% of tax liability. The bill is currently pending in the Senate Environment and Energy Committee.