To Be or Not To Be Coupled with Federal Tax Law

This podcast episode examines Illinois' legislative decision to "decouple" its tax code from federal changes introduced by the One Big Beautiful Bill Act (H.R. 1). By passing Senate Bill 1911, the state aims to prevent a significant revenue deficit by rejecting federal provisions like accelerated asset depreciation, which would otherwise reduce local corporate tax collections. While Governor Pritzker defends these measures as essential for maintaining state services and fiscal stability, business advocates warn that the move creates a competitive disadvantage and increases administrative complexity. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ilcapitolgroup.substack.com