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IL HB0229

IL HB0229
USE/OCC TAX-BIODIESEL


summary

Introduced
01/22/2021
In Committee
03/27/2021
Crossed Over
Passed
Dead
04/08/2022

Introduced Session

102nd General Assembly

Bill Summary

Creates the Illinois Renewable Fuel Standards Act. Provides that diesel fuel must contain at least a stated percentage of biodiesel fuel oil by volume on and after a specified date. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Makes changes concerning incentives for biodiesel to provide that the current exemptions for 100% biodiesel and biodiesel blends with more than 10% but no more than 99% biodiesel sunset on December 31, 2021. Provides that, with respect to 100% biodiesel and biodiesel blends with more than 20% but no more than 99% biodiesel, the taxes do not apply to proceeds of sales made on or after January 1, 2022 and on or before June 30, 2024 but apply 100% of the proceeds of sales made thereafter. Effective immediately, except that provisions creating the Illinois Renewable Fuel Standards Act take effect on July 1, 2021.

AI Summary

This bill: This bill creates the Illinois Renewable Fuel Standards Act, which requires that all diesel fuel sold in Illinois contain at least 5% biodiesel fuel oil by volume starting on July 1, 2021, and at least 20% biodiesel fuel oil by volume starting on July 1, 2024, subject to certain conditions being met. The bill also amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act to provide incentives for biodiesel. Specifically, the bill extends the current exemption for 100% biodiesel and biodiesel blends with more than 10% but no more than 99% biodiesel until December 31, 2021, and then provides a partial exemption for those fuels until June 30, 2024. The bill takes effect immediately, except for the provisions creating the Illinois Renewable Fuel Standards Act, which take effect on July 1, 2021.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

Removed Co-Sponsor Rep. Steven Reick (on 05/25/2021)

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