Illinois 104th Regular Session Status: Introduced 1 D cosponsors

HB 5623 — INC TX-PHARMACY WITHHOLDING

Last action — Referred to Rules Committee

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  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the House. Introduced February 10, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

1 change Share ↗

Compared against the Illinois Compiled Statutes as published AI-generated reading aid — verify against the official bill.

The bill expands eligibility for the tax credit to include certain pharmacy and health businesses under the Economic Development for a Growing Economy Tax Credit Act.

  • 35 ILCS 10/5-15

    (1.11) Notwithstanding any other provision of law, the election under this subsection (f) may also be made by a taxpayer that: (A) is a privately held corporation that is primarily engaged in the business of pharmacy, health, and wellness and that has distribution centers located in Illinois; (B) maintains its corporate headquarters in the State of Illinois; (C) employs at least 2,500 employees in full-time jobs or full-time equivalent jobs at its corporate headquarters within the State of Illinois, some of whom would be at risk of termination if not for the use of the tax credit as provided in this paragraph during the term of the agreement; (D) commits to make at least $100,000,000 in aggregate investment during the term of the agreement in one or more of the following: capital investment; infrastructure; development; research and development; job training; or lease expenses; (E) commits to maintaining at least 450 retail locations in the State;

    This new provision allows certain healthcare-related companies to claim tax credits, enhancing incentives for job retention and capital investment.

Action History

  1. Referred to Rules Committee

  2. First Reading

  3. Filed with the Clerk by Rep. Margaret Croke

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 182 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (182)

182 members have not signed on to this bill.

Show all 182 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 5623?
HB 5623 is sponsored by Margaret Croke (Democrat).
What is the current status of HB 5623?
This bill has been introduced in the House. Introduced February 10, 2026. It must pass committee before a floor vote.
Where can I track HB 5623?
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Last checked for changes 3 months ago · updated continuously

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