đź“° Auto News IL wants B20 (20% Bio-diesel) by 2024

IceCreamAssassin

When in doubt, throttle out
TCG Premium
Jan 28, 2011
12,479
16,812
Cary
.

Creates the Illinois Renewable Fuel Standards Act. Provides that diesel fuel must contain at least a stated percentage of biodiesel fuel oil by volume on and after a specified date. Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Makes changes concerning incentives for biodiesel to provide that the current exemptions for 100% biodiesel and biodiesel blends with more than 10% but no more than 99% biodiesel sunset on December 31, 2021. Provides that, with respect to 100% biodiesel and biodiesel blends with more than 20% but no more than 99% biodiesel, the taxes do not apply to proceeds of sales made on or after January 1, 2022 and on or before June 30, 2024 but apply 100% of the proceeds of sales made thereafter. Effective immediately, except that provisions creating the Illinois Renewable Fuel Standards Act take effect on July 1, 2021.
 

DEEZUZ

NO PUKESTERS
TCG Premium
Nov 20, 2008
82,315
94,402
NWI
giphy.gif
 
Old Thread: Hello . There have been no replies in this thread for 90 days.
Content in this thread may no longer be relevant. Consider starting a new thread to get fresh replies.

Thread Info

  • IceCreamAssassin
    Created
  • 5
    Replies
  • 196
    Views
  • Participants list