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Illinois Biodiesel Sales and Use Tax Credit

Incentive For Economic Growth

The Illinois Biodiesel Sales and Use Tax Credit began in July 2003 and is expected to remain intact until December 31, 2018. The credit offers a full exemption from the 6.25 percent sales tax on biodiesel blends exceeding 10 percent (B11 or higher) and a 20 percent exemption for blends below 10 percent (B1 to B10).

 

ISG supports the Illinois Biodiesel Sales and Use Tax Credit as a tool to help the biodiesel industry create strong economic activity in Illinois:

 

  • Generates $144 million in household income
  • Generates $3.4 million in farm income
  • Supports about 2,000 jobs in all sectors
  • Added nearly $200 million of Illinois GDP in 2015
  • Added sales and taxes for non-fuel goods and services are $210 million in diesel fuel sales, $82 million in restaurant sales, $41 million in convenience store sales and $5.5 million in truck repairs