| Illinois
To Boost Production and Use
The Illinois Legislature has recently passed two bills to
promote increased ethanol production and use. Senate Bill 1455 extends the
state's sales tax credit for ethanol-blended fuels until July 1, 2003.
Ethanol-blends, which account for half of all gasolines sold in the state,
are only taxed at 70% compared with conventional fuels, with are taxed at
100%. Senate Bill 1840, the Alternative Fuels Act, provides $20 million to
promote the use of alternative fuels, including ethanol. The money can be
use to defray the incremental cost of purchasing an alternative fuel
vehicle, the increased fuel cost, and for fuel infrastructure. Governor
Jim Edgar is expected to sign both bills into law shortly.
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