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IL HR0843
Resolution
Status
2/16/2010
Primary Sponsor
Darlene Senger
Click for details
AI Summary
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Urges the U.S. Congress to quickly enact legislation extending federal tax incentives for domestic biodiesel production that expired on December 31, 2009.
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Notes that over 170 companies have invested millions in U.S. biodiesel manufacturing plants with approximately 2.7 billion gallons annual production capacity.
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States that only 15% of biodiesel plants were operating in early 2010 due to concerns about the availability of a $1 per gallon blenders' excise tax credit.
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Cites a December 2009 study warning that eliminating the credit would substantially harm biodiesel production and result in job losses, increased reliance on foreign oil, and compromised energy security.
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Directs delivery of the resolution to the President of the United States and each member of the Illinois congressional delegation.
Legislative Description
URGE-EXTEND BIODIESEL CREDITS
Last Action
Resolution Adopted
2/16/2010