HB 4155

  • Illinois House Bill
  • 102nd Regular Session
  • Introduced in House
  • House
  • Senate
  • Governor

Inc Tx-Electric Vehicle Credit

Abstract

Amends the Illinois Income Tax Act. Creates the following credits for taxpayers who manufacture electric vehicles, batteries for electric vehicles, or both: (1) a credit for capital expenditures for electric vehicle facilities or electric vehicle battery facilities; (2) a credit for educational or vocational training; and (3) a credit for qualified utility payments. Creates a credit for certain automobile manufacturers in an amount equal to 75% of withholding payments for new employees. Effective immediately.

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Oct 19, 2021

House

First Reading

House

Referred to Rules Committee

Sep 27, 2021

House

Filed with the Clerk by Rep. Dave Vella

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