From State Rep. Allen Skillicorn:
Skillicorn to Hold Vehicle Tax Press Conference
SPRINGFIELD – State Representative Allen Skillicorn (R-Crystal Lake) has invited officials from Rivian Automotive LLC to join him for a press conference in the Blueroom at the Illinois State Capitol.
The press conference will be held on Wednesday, May 22, 2019 at 12:30 p.m. to address the proposals coming out Springfield to drastically increase the taxes and fees on vehicles in Illinois.
“Illinois managed to bring in $1.5 billion more in tax revenue and the increased revenue is expected to continue in the next fiscal year thanks to the economic boost of Pres. Trump’s tax cuts, but we are still not even growing at the same rate as the rest of country,” said Skillicorn.
“The windfall benefits of the national economy won’t continue forever and Moody’s just reported we cannot withstand a recession.
“Despite these facts, Gov. Pritzker and Springfield Democrats have proposed a mountain of new taxes and fees on essential transportation needs that will surely drive more people and investment out of the state instead of helping us catch up with the rest of the country.
“Rivian is a perfect example of a company that wants to invest in Illinois, but their plans for a $400 million invest in Normal could be severely damaged if these oppressive fees from Springfield are implemented.”
Rivian, an electric car manufacturer, purchased the former Mitsubishi plant in Normal in 2017 and began a $400 million investment plan that will ultimately create 1,000 jobs.
One of the driving factors for their expansion in Illinois was the favorable climate toward electric vehicles and the prospects of major EV growth in the state.
However, proposals that would drastically increase the fees on electric vehicles and other transportation tax and fee increases could dramatically dampen their investment and job creation plans.