News

Lawmakers Consider Reducing Tax Rate on CNG, Propane

Lawmakers Consider Reducing Tax Rate on CNG, Propane

Photo: Newsradio WTAX

Truckers cannot buy compressed natural gas or liquid propane in Illinois, but companies wanting to get into that business might get started if their products were not at a tax disadvantage to diesel.

It takes more gallons of CNG or propane to go the same distance as diesel, and a bill would reduce the tax rate accordingly.

Clean Energy Fuels, a company owned by T. Boone Pickens, is behind this effort in the form of a bill pending before an Illinois House committee.

“One gallon of diesel fuel, to get the same energy of liquefied natural gas, you need 1.7 gallons of liquefied natural gas,” Pickens lobbyist Mike Kasper told the committee. “The idea is to equalize the tax rates so these vehicles are not incented to stop in Indiana and fuel up.”

SB 3369 is in the House Revenue and Finance Committee.

Recent Headlines

in Local

Quinn Accuses Rauner of Not Hiring Enough Minorities

Bruce Rauner (R), Pat Quinn

Both trying to make inroads in minority communties

in Local

Library Turf War Continues

Lincoln Presidential Museum

Major donors threaten to withhold donations unless the feuding stops

in Local

Woman Dies in Route 29 Crash Near Edinburg

medical

Illinois State Police say a van over corrected after swerving off the roadway.

in Local

Attorney Wants Parsons to Pay $1.2 Million Now, $100,000 Monthly

Jeff Parsons appears defiant as he walks out of federal court in Springfield July 10, 2014

An attorney representing former THR and Associates employees and creditors wants Jeff Parsons to pony up -- immediately.

in Local

Fake IDs are Easy to Get

id theft

Fake IDs and driver’s licenses are the scourge of the Illinois secretary of state’s office