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New Legislation State Taxes Electric Vehicles

McCarter & English, LLP

New Jersey Enacts FY 2026 Budget: Key Takeaways

New Jersey has enacted its Fiscal Year 2026 budget, with the Legislature passing a $58.78 billion spending plan ahead of the July 1 constitutional deadline. The final budget reflects an increase of approximately $727 million...more

Mayer Brown

Illinois Enacts Tax Incentives to Attract Electric Vehicle Manufacturing

Mayer Brown on

In November 2021, Illinois Governor JB Pritzker signed the Reimagining Electric Vehicles Act (the “REV Act”), which, together with the recently enacted Climate and Equitable Jobs Act, further incentivizes the production and...more

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