Changes Coming to Illinois After Pritzker Signs Multiple Bills

Amid federal funding uncertainty, Illinois lawmakers add ‘safety valve’ to state budget

Illinois lawmakers grappling with uncertainty over Trump administration spending cuts tucked a handful of tools aimed at maintaining key programs into the budget package signed by Gov. JB Pritzker earlier this week, including a flexible fund of $100 million the governor can use to cover gaps left by unrealized federal funding. “The magnitude and volume of problems that Trump and his administration are creating is something that no state has ever…

Changes coming to Illinois after Pritzker signs multiple bills

Illinois Governor Signs 1-Year Delay of Law Limiting Interchange Fees

Illinois has delayed for one year the implementation of a law that would bar companies from charging interchange fees on the tax and tip portions of credit and debit card transactions.  [contact-form-7] The state’s governor, J.B. Pritzger, signed legislation (HB0742) Monday (June 16) that delays the implementation of the Interchange Fee Prohibition Act (IFPA) until July 1, 2026. The law was previously set to go into effect July 1, 2025.…

Illinois postpones interchange fee law to July 2026

The Government of Illinois has postponed the enforcement of a law that would prohibit banks from applying interchange fees to the tax and tip portions of credit and debit card transactions.