Illinois General Assembly - Full Text of HR0639
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Full Text of HR0639  96th General Assembly

HR0639 96TH GENERAL ASSEMBLY


 


 
HR0639 LRB096 14633 JDS 29474 r

1
HOUSE RESOLUTION

 
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
 
6     WHEREAS, Biodiesel fuel is better for the environment than
7 petroleum diesel because biodiesel generates fewer emissions
8 than petroleum diesel; and
 
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
 
12     WHEREAS, The production capacity of these plants is
13 approximately 2.7 billion gallons of biodiesel per year; and
 
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
 
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
 

 

 

HR0639 - 2 - LRB096 14633 JDS 29474 r

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
 
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
 
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
 
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.