Bloomberg Tax
Sept. 6, 2022, 7:57 PM

Illinois Awards First Tax Credits Under Electric Car Program

Michael J. Bologna
Michael J. Bologna
Staff Correspondent

T/CCI Manufacturing is the first recipient of a package of tax incentives under a new Illinois program aimed at expanding the production of electric vehicles, Gov. J.B. Pritzker (D) announced Tuesday.

The Decatur, Ill.-based manufacturer of automotive compressors will receive $2.2 million in direct incentives under the state’s Reimagining Electric Vehicles Act (H.B. 1769), signed by Pritzker last November. In addition, the company will benefit from $21.3 million in capital grants to Decatur and Richland Community College, funding a research and training facility on the company’s campus.

T/CCI committed to a $20 million investment that will transition ...

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