Illinois lawmakers approved a bill last week to “decouple” some state taxes on businesses from the federal government.

Business groups objected to the changes and argued they will hurt Illinois’ ability to attract businesses to expand or relocate.

The governor’s budget office is projecting Illinois will finish fiscal year 2026 with a more than $200 million deficit, but decoupling will largely close that gap.

SPRINGFIELD — Illinois lawmakers are sending a bill to Gov. JB Pritzker that makes a pair of changes to Illinois’ tax code in response to new federal tax provisions that could reduce state revenue.

The Governor’s Office of Management and Budget projected last month that Illinois is on track to run a $267 million deficit in fiscal year 2026. That’s partially a result of corporate ta

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