Tax credit; expanding forms of taxation for which a credit is allowed; clean-burning vehicle fuel; hydrogen fuel cells; effective date.

The effective date for the hydrogen fuel cell credit was updated from a general 'effective date of this act' to a specific date of July 1, 2023.

The credit is now allowed against both income tax (Section 2355) and franchise tax (Section 2370), whereas it previously only applied to income tax.

Eligibility for the credit was expanded to include motor vehicles originally equipped with hydrogen fuel cell electric fueling systems for tax years 2010 and 2023 through 2028.

Maximum credit amounts were increased based on vehicle weight, with the highest tier for vehicles over 26,501 pounds now offering up to $100,000.

New requirements mandate that equipment modifying gasoline or diesel vehicles must be installed by a certified alternative fuels equipment technician.

A new definition was added for 'qualified clean-burning motor vehicle fuel property' to explicitly include equipment for hydrogen fuel cells.

A new definition was added for 'motor vehicle' to clarify that it must be originally designed by the manufacturer to operate lawfully on streets and highways.

Added eligibility for natural gas delivery systems at private homes for non-commercial purposes.

Increased the maximum tax credit for heavy vehicles (over 26,500 lbs) from $100,000 to $100,000 (clarified) and adjusted the credit calculation for commercial property to a percentage of cost.

Introduced a simplified credit option allowing taxpayers to claim 10% of the vehicle's total cost if they cannot determine the specific basis of the fueling equipment.

Refined the definition of 'qualified clean-burning motor vehicle fuel property' to include specific scenarios for hydrogen and electricity recharging systems.

The bill title was changed to reflect a broader focus on revenue and taxation, including a new clause about modifying provisions related to insurance premium taxes.

Specific dollar credit limits based on vehicle weight (ranging from $5,500 to $100,000) and percentage-based credit formulas were deleted from the text.

The statutory reference date for the clean-burning fuel property section was updated from the 2025 supplement to the 2024 supplement.

A new declaration of emergency was added to the bill text.

The tax credit is now allowed against both individual income tax (Section 2355) and business income tax (Section 2370), whereas the original bill only allowed it against individual income tax.

The effective date for hydrogen fuel cell credits was updated from the general 'effective date of this act' to a specific date of July 1, 2023.

The Senate sponsor was changed from 'Rader' to 'Paxton' to reflect the final enrolled version of the bill.

The reference to the O.S.L. 2024 amendment was updated to O.S.L. 2025 to reflect the current legislative session.

Minor grammatical corrections were made to remove redundant words such as 'must shall' and 'shall shall' in the definitions section.

The maximum tax credit for vehicles weighing between 6,001 and 10,000 pounds increased from $5,500 to $9,000.

The maximum tax credit for vehicles weighing between 10,001 and 26,500 pounds increased from $9,000 to $26,000.

The maximum tax credit for vehicles over 26,501 pounds increased from $26,000 to $100,000.

A new eligibility category was added for property used to deliver natural gas from a private home to a motor vehicle for non-commercial purposes.

A new provision allows taxpayers who cannot determine the exact cost of the fuel system to claim a simplified credit of up to 10% of the vehicle cost or $1,500.

The definition of 'qualified clean-burning motor vehicle fuel property' was updated to include property for non-commercial natural gas delivery from private residences.

Authorship credits were updated to reflect the Senate sponsor Rader as the primary Senate author instead of Paxton.

The effective date for hydrogen fuel cell credits was clarified to be July 1, 2023, ensuring the credit applies to property placed in service after this specific date.

The maximum credit for heavy vehicles (over 26,500 pounds) was increased from $26,000 to $100,000.

The credit for fuel delivery property was changed to a cap of the lesser of 50% of the cost or $2,500.

The definition of 'qualified clean-burning motor vehicle fuel property' was updated to include specific equipment requirements, such as installation by certified technicians and compliance with federal safety standards.

The bill title was updated to reflect the expanded scope, and the Senate author was substituted with a new principal author.