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Illinois Passes Biodiesel Tax Incentive
Illinois Governor Rod Blagojevich signed legislation on June 13 that will provide a partial state sales tax exemption of 20% on biodiesel blends containing from one to ten percent biodiesel. The legislative package also established the Illinois Renewable Fuels Development Program, which offers grants up to $15 million annually for constructing, modifying, altering, or retrofitting a renewable fuels plant with a minimum production capacity of 30 million gallons. Source: June 18 issue of EERE Network News.
