Full Text of HR0843 96th General Assembly
HR0843 96TH GENERAL ASSEMBLY
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| HOUSE RESOLUTION
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| 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
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| WHEREAS, Biodiesel fuel is better for the environment than | 7 |
| petroleum diesel because biodiesel generates fewer emissions | 8 |
| than petroleum diesel; and
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| 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
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| WHEREAS, The production capacity of these plants is | 13 |
| approximately 2.7 billion gallons of biodiesel per year; and
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| WHEREAS, The federal government has offered biodiesel tax | 15 |
| incentives, including an income tax credit, a blenders' excise | 16 |
| tax credit, and a small producers' tax credit; and
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| 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
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| WHEREAS, These federal biodiesel tax incentives expired on | 2 |
| December 31, 2009 but should be extended in order to continue | 3 |
| to promote the development, production, and use of biodiesel | 4 |
| fuel; and
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| WHEREAS, Only about 15% of the nation's biodiesel plants | 6 |
| were in operation during the first week of 2010, primarily due | 7 |
| to concerns about the availability of a $1 per gallon biodiesel | 8 |
| fuel blenders credit; and | 9 |
| WHEREAS, A December 2009 study warned that eliminating the | 10 |
| credit would have a substantial negative impact on biodiesel | 11 |
| production and the consequent economic and environmental | 12 |
| benefits made by the biodiesel industry; and | 13 |
| WHEREAS, Efforts are underway in Washington to extend the | 14 |
| credit retroactively to January 1, 2010 in order to spur | 15 |
| biodiesel purchases; and
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| WHEREAS, The elimination of the credit would result in a | 17 |
| loss of regional jobs and income, an increased demand for | 18 |
| diesel from foreign oil, and degradation of energy security; | 19 |
| therefore, be it
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| RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE | 21 |
| NINETY-SIXTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we |
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| urge the United States Congress to quickly enact legislation to | 2 |
| extend the tax incentives for domestic biodiesel production; | 3 |
| and be it further
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| RESOLVED, That a suitable copy of this resolution be | 5 |
| presented to the President of the United States and each member | 6 |
| of the Illinois congressional delegation.
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