• 
$15 million in medical debt relief. 
• 
$7.5 million in new funding for Non-for-Profit Security Grants.
Unfortunately, the budget proposal was built upon new or increased taxes, including several harmful propos-
als that our members expressed strong concerns with. For this reason, the Illinois Chamber of Commerce op-
posed the Revenue Package. The Illinois Chamber’s statement on the final budget package can be found here. 
FY26 Revenue Omnibus
HB 2755 (Tarver/Villanueva) contains the FY26 revenue omnibus package which this year contained over $330 
million in corporate tax increases (e.g., limits to the 80/20 exemption, reduction to the GILTI income tax deduc-
tion, and changes related to combined apportionment). In addition, the revenue bill contains the following:
• 
Creates a new sports wagering tax ($36 million) 
• 
Expands the State’s hotel-motel tax to short-term rental platforms ($10 million)
• 
Increases and expands several tobacco product taxes ($50 million)
• 
Creates a new telecommunications surcharge ($50 million) 
• 
Imposes several new EPA fee (environmental) increases
The proposal also would create several tax amnesty programs that the Governor’s Office believe will generate 
$228 million and generate $171 million for the State’s General Revenue Fund by pausing the full transition of the 
redirecting of the sales tax on motor fuel for one year. 
Other items in the legislation included the following:
• 
Creates a “Tax Delinquency Amnesty” from October 1, 2025, through November 15, 2025
• 
Creates a “Franchise Tax and License Fee Liability Amnesty” for any period between June 30, 2019, to 
June 30, 2025
• 
Amends the Use Tax Act
o Pauses the incremental transfer of sales tax on the sale of motor fuel from GRF to the Road 
Fund by one year (now July 1, 2026)
o Provides that beginning on January 1, 2026, a retailer or marketplace facilitator making sales to 
purchasers in Illinois from outside of Illinois with sales of $100,000 or more is subject to State’s 
sales tax (Removes the 200 or more transactions threshold to establish Wayfair nexus.)
o Allows consumers to remit use tax on any applicable transaction 
o Makes other changes
• 
Creates a “Remote Retailer Amnesty Program” for periods January 1, 2021 to June 30, 2026. Allows 
IDOR to establish a Remote Retailer Amnesty Programs for remote retailers that may owe State or 
local ROT on eligible transactions
• 
Amends the Illinois Vehicle Code
o Provides that the motor vehicle privilege tax does not apply if the motor vehicle is purchased 
for the purpose of resale by a retailer registered under the Retailers’ Occupation Tax Act
• 
Amends the Illinois Gives Tax Credit Act
o Modifies the definition of “qualified community foundation”
o Increases the tax credits allowed per year to $200,000
• 
Amends the Illinois Municipal Code
o Makes a clarification regarding allowable municipal motor fuel tax allowed in municipalities in 
Cook County
22 | END OF SESSION REPORT

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