FY26 Business Development Packages Incorporated into the Tax Bill
In addition to the tax proposals in the Revenue Omnibus, there was included at the last minute several of the 
provisions that had been previously included in the FY26 Business Development Package (located in SB 2008 
(Cervantes/Hoffman)). Under SB 2008, there were several positive economic development tools that the 
Chamber supported. 
While some of the provisions did were not ultimately included in the Revenue Omnibus, the following provi-
sions were retained:
• 
Update to the State’s Wayfair nexus laws to more easily capturing sales tax revenues on remote sell-
ers
• 
Makes changes to the Illinois Gives Tax Credit 
• 
Expands the authority of the Illinois Finance Authority to support additional local projects, including 
clean water projects, wastewater treatment projects, and climate resiliency projects 
• 
Expands the River’s Edge tax credit program to Alton and Sterling, Illinois 
• 
Modifies the EV Rebate under IEPA 
• 
Creates a new Advanced Innovative Manufacturing tax credit 
• 
Makes several enhancements to the EDGE tax credit, REV tax credit, and HIB
While many of the items that were included in the Revenue Omnibus help and support many of the industries 
the Chamber represents, ultimately the new tax burdens are anti-competitive and outweigh the improvements 
to the State’s business incentive toolkit. 
FY26 Budget Implementation Bill (BIMP)
The BIMP this year, which traditionally includes operational language for many of the budget-related items 
and several non-budgetary items, made several changes. The FY26 BIMP was largely aligned with many of the 
major budgetary items in the Governor’s recommended budget.
A few of items of note include the following: 
• 
Contains enhancements to DCEO’s SBIR/STTR grant program 
• 
Creates the “Tier 2 Social Security Wage Base Reserve Fund” and allows for $75 million to be redirect-
ed to the Fund
• 
Grants broad authority for the Governor’s Office to make line-item transfers of no more than 4% of the 
appropriated amount across agencies
• 
Extends the life of the Design-Build Procurement Act through 2027
• 
Contains the $0.80 wage increase for certain frontline DD/ID and MC/DD facility workers
• 
Sets certain SNAP recipient eligibility restrictions for single individuals
• 
Instructs DHFS to provide notice to GOMB prior to making or agreeing to make any advance payment to 
any hospital; requires additional reporting
• 
States that the IDPH, at the direction of the Governor, will engage in a health care strategy and delivery 
planning efforts to determine steps to strengthen safety-net hospitals and other health care systems 
in pursuit of long-term sustainability
24 | END OF SESSION REPORT

View this content as a flipbook by clicking here.