IL HB4155 | 2021-2022 | 102nd General Assembly

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 27 2021 - 25% progression
Action: 2021-10-19 - Referred to Rules Committee
Pending: House Rules Committee
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Tracking Information

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Title

INC TX-ELECTRIC VEHICLE CREDIT

Sponsors


History

DateChamberAction
2021-10-19HouseReferred to Rules Committee
2021-10-19HouseFirst Reading
2021-09-27HouseFiled with the Clerk by Rep. Dave Vella

Code Citations

ChapterArticleSectionCitation TypeStatute Text
355232New CodeSee Bill Text
355233New CodeSee Bill Text
355234New CodeSee Bill Text
355235New CodeSee Bill Text

Illinois State Sources


Bill Comments

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