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

Springfield Public Schools Look at Financing Options

school board headquarters

Springfield Public Schools is putting a plan in place if state budget cuts end up meaning cutting at least two state aid payments.

in Local

Springfield CVB Nabs National “G.I. Joe” Convention

G

It's not unusual for Springfield to host conventions for collectors of certain types of memorabilia, but this is a first.

in Local

Sangamon Co. Authorities Investigate Jury Duty Scam

sangamon county sheriff

The Sangamon County Sheriff's Office is warning of a jury duty scam that's so far affected several people.

in Local

Poe Returns to House Chamber to Thunderous Applause

state_capitol_1

Poe is back in the saddle after being sidelined for months due to a blood disorder.

in Local

Meteorological Winter Ends; Illinois Was About Average

snow1

Winter is over -- at least for the people who study the weather.