IL HB5461

Establishes the Concrete Carbon Utilization, Reduction, and Removal Breakthrough Act to incentivize concrete producers to reduce embodied carbon emissions in state-funded projects through performance-based tax credits beginning in taxable year 2025.

Creates a performance-based tax credit for concrete producers delivering low embodied carbon concrete or concrete with carbon removal and storage technology to state projects requiring 50+ cubic yards, with credits up to 10% of material costs (capped at $1 million per producer and $10 million annually).

Establishes a separate tax credit for concrete and cement producers implementing environmental product declaration technology at facilities to measure embodied carbon, up to $3,000 per facility for up to 8 facilities per year.

Requires the Department of Commerce and Economic Opportunity to develop rules establishing global warming potential baselines and thresholds for low embodied carbon concrete, and directs state agencies to include performance-based specifications in concrete contracts of 50+ cubic yards.

Directs the Department of Transportation to develop a plan for expedited evaluation of low embodied carbon concrete products and methods by January 1, 2025, and requires a cost-benefit analysis report to the Governor and General Assembly within 2 years.