HB5623 - 104th General Assembly (2025-2026)

INC TX-PHARMACY WITHHOLDING
Last Action
2/13/2026 - House: Referred to Rules Committee
House Sponsors
Rep. Margaret Croke
Statutes Amended In Order of Appearance
35 ILCS 10/5-15  
Synopsis As Introduced
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.
Actions
DateChamberAction
2/10/2026HouseFiled with the Clerk by Rep. Margaret Croke
2/13/2026HouseFirst Reading
2/13/2026HouseReferred to Rules Committee