HB5896 Summary

• Requires all gasoline stations and service stations in Illinois to install at least one flex fuel dispensing pump (capable of dispensing E10, E20, E30, and E85 blends) by December 31, 2016.

• Imposes a civil penalty of $100 per day on station owners who fail to comply with the installation requirement, with penalties collected deposited into the Alternate Fuels Fund.

• Creates an income tax credit for taxpayers who install a new flex fuel dispensing pump at an Illinois gasoline or service station during taxable years ending between December 31, 2012 and December 30, 2021, equal to the installation cost up to $80,000 per pump.

• Limits the tax credit to $20,000 per pump per taxable year, with excess amounts allowed to carry forward up to 4 years, and restricts the credit to only one pump per station.

• Authorizes the Attorney General to enforce civil penalties in circuit court and amends the Alternate Fuels Act to include penalties as revenue sources for the Alternate Fuels Fund.