Pritzker signs ISG’s biodiesel bill into law

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BLOOMINGTON, Ill. — Gov. J.B. Pritzker signed into law a bill that incentivizes increasing blends of biodiesel on April 19.

The bill, sponsored by Sen. Patrick Joyce, D-Essex, and Rep. Eva Dina Delgado, D-Chicago, extends the current B10 sales tax exemption until 2023 and then increases the biodiesel blend level subject to the tax exemption to B13 in 2024, B15 in 2025 and B19 in 2026.

This major initiative further establishes Illinois’ commitment to reducing carbon emissions and incentivizing the use of domestically produced, renewable fuel.

“This hard-won victory is the result of Illinois Soybean Growers unrelenting collaboration with the bill sponsors Senator Joyce and Representative Delgado, numerous partners across agriculture, biofuels producers, transportation stakeholders and clean air advocates who are all working to present a viable and immediate solution to combat carbon emissions in the transportation sector,” said ISA Chairman Steve Pitstick.

“This legislation will not only significantly enhance the environmental benefits of biodiesel, but also lead to strengthened demand for this Illinois grown, renewable fuel by about 125 million gallons.

“This law further establishes Illinois as a leader in biofuel policy, which will improve air quality for millions of Illinoisans and fuel the Illinois economy. At ISA, we are incredibly proud of our entire team’s outreach, the engagement of our board and the efforts of legislators in relentless pursuit of this positive legislation for agriculture.”

via AgriNews

April 25, 2022 at 10:25PM

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