Bill Status of SB 2712   94th General Assembly


Short Description:  RENEWABLE FUEL DEVELOP-FUNDING

Senate Sponsors
Sen. Dale E. Risinger

Last Action  View All Actions

DateChamber Action
  1/9/2007SenateSession Sine Die

Statutes Amended In Order of Appearance
20 ILCS 689/15
20 ILCS 689/20
20 ILCS 689/35 new
30 ILCS 105/5.663 new
30 ILCS 105/8h
35 ILCS 105/3-5from Ch. 120, par. 439.3-5
35 ILCS 105/9from Ch. 120, par. 439.9
35 ILCS 110/3-5from Ch. 120, par. 439.33-5
35 ILCS 110/9from Ch. 120, par. 439.39
35 ILCS 115/3-5from Ch. 120, par. 439.103-5
35 ILCS 115/9from Ch. 120, par. 439.109
35 ILCS 120/2-5from Ch. 120, par. 441-5
35 ILCS 120/3from Ch. 120, par. 442

Synopsis As Introduced
Amends the Illinois Renewable Fuels Development Program Act. Prohibits the Department of Commerce and Economic Opportunity from approving any grant for the new construction of a renewable fuel plant unless the applicant provides proof of financial backing and identifies investors in the project. Provides that grant awards are subject to appropriation from the Renewable Fuels Development Program Fund (now, the Build Illinois Bond Fund). Deletes the $15,000,000 limit on grant awards. Creates the Renewable Fuels Development Program Fund to be used by the Department for the purposes of the Renewable Fuels Development Program. Amends the State Finance Act. Exempts the Renewable Fuels Development Program Fund and the Underground Storage Tank Fund from the Act's administrative charge-back provisions. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that certain distillation machinery and equipment used for the production of renewable fuel is exempt from taxation under the Acts. Provides that 5% of the proceeds collected under the Acts from the tax on the sale or use of motor fuel must be deposited into the Renewable Fuels Development Program Fund and 5% must be deposited into the Underground Storage Tank Fund. Effective immediately.

Actions 
DateChamber Action
  1/20/2006SenateFiled with Secretary by Sen. Dale E. Risinger
  1/20/2006SenateFirst Reading
  1/20/2006SenateReferred to Rules
  1/9/2007SenateSession Sine Die

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