HB 5623 Illinois House · 104th Regular Session

INC TX-PHARMACY WITHHOLDING

Summary
Amends the Economic Development for a Growing Economy Tax Credit Act. Provides that an election to claim the credit against the taxpayer's withholding tax liability also applies to certain taxpayers that are primarily engaged in the business of pharmacy, health, and wellness and that have a corporate headquarters and distribution centers located in Illinois.
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 10, 2026 Last action Feb 13, 2026
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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
1
Feb 13, 2026
Committee
Referred to Rules Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Margaret Croke
Margaret Croke
DDemocratic
IL
12