Springfield, IL (WAND) – A new Illinois law has allowed the Pritzker administration to address the state’s current budget deficit by decoupling from tax benefits included in the “Big Beautiful Bill.”

The governor’s Office of Management and Budget sounded the alarm about a $267 million budget deficit shortly after President Donald Trump signed his spending plan into law. Senate Bill 1911 will recover nearly $250 million of the lost revenue by decoupling from new federal policy changes that benefit large corporations.

“Look, remember that the purpose ultimately is to make sure that we can pay the bills in the state of Illinois and not be hampered by Donald Trump and the big ugly bill,” Pritzker said in October.

“Any time we decouple, we become an outlier,” said Rep. Amy Elik (R-Alton). “We become the state that is immediately known for not being friendly to business, and we can just expect that companies will be looking elsewhere.”

Some of the tax benefits included in Trump’s budget are deductions for manufacturers to build new facilities, research and development cost recovery incentives, and expansion of the small business deduction.

“This tax increase, and that’s what this is, on manufacturers choosing to invest new structures in Illinois, is going to be another step backwards in our ability to be competitive with competing and neighboring states,” said Senate GOP Leader John Curran (R-Downers Grove).

Yet, sponsors said the federal government is recklessly cutting programs Illinois families rely on. They stressed this law will protect the state’s ability to fund schools, healthcare and essential services.

“This is consistent with policy that we have implored before,” said Sen. Elgie Sims (D-Chicago). “We did this in 2017, so there’s precedent for this.”

This legislation passed out of the Senate on a 37-19 vote with one senator voting present. It received a 76-33 vote in the House.

The new law took effect immediately.