The Illinois legislature has passed a series of tax incentives for makers of electric vehicles that lawmakers hope will turn the state into an EV assembly hub.
The Illinois General Assembly recently passed House Bill 1769, which includes state income tax credits for EV makers and suppliers of either 75 percent to 100 percent of payroll taxes for new employees they hire for up to 15 years. It also includes tax credits for hiring construction workers and training employees, among other incentives.
"It is the intent of the General Assembly that Illinois should lead the nation in the production of electric vehicles," the bill reads. "Illinois must aggressively adopt new business development investment tools so that Illinois is more competitive in site location decision-making for manufacturing facilities directly related to the electric vehicle industry." The bill passed both houses of the legislature on Oct. 28 and was sent to Gov. J.B. Prtizker for his signature…