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 tax cuts enacted at the federal level as part of the One Big Beautiful Bill Act, officially known as House Resolution 1, that President Donald Trump signed on July 4.

Many states like Illinois tie sizable portions of the tax code to the federal government’s policies. That means HR1 would also reduce the amount of revenue the state receives unless Illinois takes the action

Pritzker’s budget office recommended in

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