HB4906 103RD GENERAL ASSEMBLY

LRB103 37765 MXP 67894 b

103RD GENERAL ASSEMBLY
State of Illinois
2023 and 2024
HB4906

Introduced 2/7/2024, by Rep. Gregg Johnson

SYNOPSIS AS INTRODUCED:

30 ILCS 115/13.2 new
625 ILCS 5/12-705.1 rep.

Amends the State Revenue Sharing Act. Requires the Department of Revenue to establish a payment, in excess to the Department's determined amount for the fiscal year, that is equal to 1% of a municipality's or county's allotment from the Local Government Distributive Fund to be awarded to any municipality or county that can document its use of diesel fuel containing in excess of the percentage of biodiesel necessary to qualify for exemption from the tax under specified provisions of the Use Tax Act for that year. Amends the Illinois Vehicle Code. Repeals a provision of the Code concerning the required use of biodiesel.

A BILL FOR

AN ACT concerning finance.

Be it enacted by the People of the State of Illinois, represented in the General Assembly:

Section 5. The State Revenue Sharing Act is amended by adding Section 13.2 as follows:

(30 ILCS 115/13.2 new)

Sec. 13.2. Biodiesel fuel incentive. For the sole purpose of providing an incentive to increase the use of biodiesel by municipalities and counties, the Department of Revenue shall establish a payment, in excess to the Department's determined amount for the fiscal year, that is equal to 1% of a municipality's or county's allotment from the Local Government Distributive Fund to be awarded to a municipality or county that can document its use of diesel fuel containing in excess of the percentage of biodiesel necessary to qualify for exemption from the tax under Section 3-5.1 of the Use Tax Act for that year.

(625 ILCS 5/12-705.1 rep.)

Section 10. The Illinois Vehicle Code is amended by repealing Section 12-705.1.