HB4906 103RD GENERAL ASSEMBLY

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.

LRB103 37765 MXP 67894 b

A BILL FOR

HB4906

LRB103 37765 MXP 67894 b

1 AN ACT concerning finance.

2 Be it enacted by the People of the State of Illinois,

3 represented in the General Assembly:

4 Section 5. The State Revenue Sharing Act is amended by

5 adding Section 13.2 as follows:

6 (30 ILCS 115/13.2 new)

7 Sec. 13.2. Biodiesel fuel incentive. For the sole purpose

8 of providing an incentive to increase the use of biodiesel by

9 municipalities and counties, the Department of Revenue shall

10 establish a payment, in excess to the Department's determined

11 amount for the fiscal year, that is equal to 1% of a

12 municipality's or county's allotment from the Local Government

13 Distributive Fund to be awarded to a municipality or county

14 that can document its use of diesel fuel containing in excess

15 of the percentage of biodiesel necessary to qualify for

16 exemption from the tax under Section 3-5.1 of the Use Tax Act

17 for that year.

18 (625 ILCS 5/12-705.1 rep.)

19 Section 10. The Illinois Vehicle Code is amended by

20 repealing Section 12-705.1.