HR0639 96TH GENERAL ASSEMBLY

HR0639 LRB096 14633 JDS 29474 r

HOUSE RESOLUTION

WHEREAS, Because biodiesel fuel is made in the United States from renewable resources, such as soybeans, its use decreases our dependence on foreign oil and contributes to the growth of our economy; and

WHEREAS, Biodiesel fuel is better for the environment than petroleum diesel because biodiesel generates fewer emissions than petroleum diesel; and

WHEREAS, Over 170 companies have invested millions of dollars in the development of biodiesel manufacturing plants in the United States and are actively marketing biodiesel; and

WHEREAS, The production capacity of these plants is approximately 2.7 billion gallons of biodiesel per year; and

WHEREAS, The federal government currently offers biodiesel tax incentives, including an income tax credit, a blenders' excise tax credit, and a small producers' tax credit; and

WHEREAS, The federal Energy Improvement and Extension Act of 2008 (Public Law 110-343) extended certain biodiesel tax incentives for one year; and

WHEREAS, These federal biodiesel tax incentives are scheduled to expire December 31, 2009 but should be extended in order to continue to promote the development, production, and use of biodiesel fuel; and

WHEREAS, The Biodiesel Tax Incentive Reform and Extension Act of 2009 (S. 1589) was filed recently in the United States Senate to, among other things, extend the biodiesel income and excise tax credits through December 31, 2014; therefore, be it

RESOLVED, BY THE HOUSE OF REPRESENTATIVES OF THE NINETY-SIXTH GENERAL ASSEMBLY OF THE STATE OF ILLINOIS, that we urge the United States Congress to quickly enact legislation to extend the tax incentives for domestic biodiesel production; and be it further

RESOLVED, That a suitable copy of this resolution be presented to the President of the United States and each member of the Illinois congressional delegation.