The Illinois IFPA Implementation Date Is Extended Again

June 1, 2026 at 5:30 PM

Illinois's Interchange Fee Prohibition Act, which would bar interchange fees on the tax and tip portions of transactions, has been pushed back to July 1, 2027, one year later than originally scheduled, per Digital Transactions. The delay came via a last-minute budget move. Illinois merchants should revise compliance planning to reflect the new date.