TX HB5600

Establishes the Clean Hydrogen Development Fund in the state treasury, administered by the comptroller, to provide low-interest loans and grants for clean hydrogen production facilities, hydrogen storage and transportation infrastructure, trading systems for hydrogen, and manufacturing of hydrogen electrolyzers in Texas

Creates a franchise tax credit for clean hydrogen projects equal to 20% of qualifying capital expenditures, covering equipment for hydrogen production, storage, transport, and carbon capture related to hydrogen production

Exempts hydrogen motor vehicles (fuel cell, internal combustion, and compressed natural gas vehicles certified for renewable methane) from motor vehicle sales and use taxes through September 1, 2035

Provides a 10-year franchise tax exemption for hydrogen electrolyzer manufacturers that relocate to Texas from another U.S. state

Directs the Texas Workforce Commission to establish a grant program for institutions of higher education to develop workforce training programs, curriculum, and certifications related to clean hydrogen jobs and technology