Illinois HB 5623: CRIMINAL LAW-TECH

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104TH GENERAL ASSEMBLY 
State of Illinois 
2025 and 2026
HB5623

Introduced 2/13/2026, by Rep. Margaret Croke 

SYNOPSIS AS INTRODUCED:

35 ILCS 10/5-15

 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.

LRB104 20773 HLH 34279 b

A BILL FOR

HB5623LRB104 20773 HLH 34279 b

1 AN ACT concerning revenue.

2 Be it enacted by the People of the State of Illinois, 

3represented in the General Assembly:

4 Section 5. The Economic Development for a Growing Economy 

5Tax Credit Act is amended by changing Section 5-15 as follows:

6 (35 ILCS 10/5-15)

7 Sec. 5-15. Tax Credit Awards. Subject to the conditions 

8set forth in this Act, a Taxpayer is entitled to a Credit 

9against or, as described in subsection (g) of this Section, a 

10payment towards taxes imposed pursuant to subsections (a) and 

11(b) of Section 201 of the Illinois Income Tax Act that may be 

12imposed on the Taxpayer for a taxable year beginning on or 

13after January 1, 1999, if the Taxpayer is awarded a Credit by 

14the Department under this Act for that taxable year.

15 (a) The Department shall make Credit awards under this Act 

16to foster job creation and retention in Illinois.

17 (b) A person that proposes a project to create new jobs in 

18Illinois must enter into an Agreement with the Department for 

19the Credit under this Act.

20 (c) The Credit shall be claimed for the taxable years 

21specified in the Agreement.

22 (d) The Credit shall not ex