Bill Text: IL HR0639 | 2009-2010 | 96th General Assembly | Introduced
Bill Title: Urges the Unites States Congress to quickly enact legislation to extend the tax incentives for domestic biodiesel production.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2009-10-05 - Referred to Rules Committee [HR0639 Detail]
Download: Illinois-2009-HR0639-Introduced.html
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1 | HOUSE RESOLUTION
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2 | WHEREAS, Because biodiesel fuel is made in the United | ||||||
3 | States from renewable resources, such as soybeans, its use | ||||||
4 | decreases our dependence on foreign oil and contributes to the | ||||||
5 | growth of our economy; and
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6 | WHEREAS, Biodiesel fuel is better for the environment than | ||||||
7 | petroleum diesel because biodiesel generates fewer emissions | ||||||
8 | than petroleum diesel; and
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9 | WHEREAS, Over 170 companies have invested millions of | ||||||
10 | dollars in the development of biodiesel manufacturing plants in | ||||||
11 | the United States and are actively marketing biodiesel; and
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12 | WHEREAS, The production capacity of these plants is | ||||||
13 | approximately 2.7 billion gallons of biodiesel per year; and
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14 | WHEREAS, The federal government currently offers biodiesel | ||||||
15 | tax incentives, including an income tax credit, a blenders' | ||||||
16 | excise tax credit, and a small producers' tax credit; and
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17 | WHEREAS, The federal Energy Improvement and Extension Act | ||||||
18 | of 2008 (Public Law 110-343) extended certain biodiesel tax | ||||||
19 | incentives for one year; and
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1 | WHEREAS, These federal biodiesel tax incentives are | ||||||
2 | scheduled to expire December 31, 2009 but should be extended in | ||||||
3 | order to continue to promote the development, production, and | ||||||
4 | use of biodiesel fuel; and
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5 | WHEREAS, The Biodiesel Tax Incentive Reform and Extension | ||||||
6 | Act of 2009 (S. 1589) was filed recently in the United States | ||||||
7 | Senate to, among other things, extend the biodiesel income and | ||||||
8 | excise tax credits through December 31, 2014; therefore, be it
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9 | RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE | ||||||
10 | NINETY-SIXTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we | ||||||
11 | urge the United States Congress to quickly enact legislation to | ||||||
12 | extend the tax incentives for domestic biodiesel production; | ||||||
13 | and be it further
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14 | RESOLVED, That a suitable copy of this resolution be | ||||||
15 | presented to the President of the United States and each member | ||||||
16 | of the Illinois congressional delegation.
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