Bill Texts: IL HB4155 | 2021-2022 | 102nd General Assembly

Bill Title: 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.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced) 2022-04-01 - Added Co-Sponsor Rep. Maurice A. West, II [HB4155 Detail]

Bill Drafts

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Introduced2021-09-27HTML/TextLinkView

Amendments

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No bill amendments currently on file for Illinois HB4155

Supplemental Documents

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No supplemental documents for Illinois HB4155 currently on file.

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