Amends the Criminal Code of 2012. Provides that the offense of unlawful possession of weapons in relation to knowingly possessing any device or attachment of any kind designed, used, or intended for use in silencing the report of any firearm does not apply to or affect persons licensed under federal law to distribute at wholesale any device or attachment of any kind designed, used, or intended for use in silencing the report of any firearm, firearms, or ammunition for those firearms equipped with those devices, and actually engaged in the business of distributing at wholesale those devices, firearms, or ammunition, but only with respect to activities that are within the lawful scope of that business, such as the distribution, transportation, or demonstration of those devices, firearms, or ammunition to qualified end users. Defines "distributing at wholesale". Provides that the exemption does not authorize the general private possession of any device or attachment of any kind designed, used, or intended for use in silencing the report of any firearm, but only such possession and activities as are within the lawful scope of a licensed wholesale distribution business. Provides that during transportation, these devices shall be detached from any weapon or not immediately accessible. Effective immediately.

Creates the Revenue Estimate Act. Provides that the General Assembly shall not enact any bill to appropriate funds within any fiscal year prior to its adoption of a joint resolution reflecting the estimate of funds available for that fiscal year as required under the Commission on Government Forecasting and Accountability Act. Effective immediately.

Amends the Higher Education Student Assistance Act. Creates a legislative scholarship task force to receive and consider applications for scholarship assistance. Requires the task force to receive and consider nominations for scholarship assistance, with a total of 8 scholarships per representative district to be awarded each year. Provides that a nominee is eligible for a scholarship if the task force finds that the nominee meets certain qualifications, including that he or she is a resident of the representative district for which a scholarship is to be awarded and that he or she is enrolled or accepted for enrollment at a public university in this State. Provides that legislative scholarships are good for a period of not more than one year while enrolled for residence credit, are applicable toward 2 semesters of enrollment within an academic year, and exempt the holder from the payment of tuition and fees. Sets forth provisions concerning application for a scholarship and renewals.

Amends the Senior Citizens and Persons with Disabilities Property Tax Relief Act. In provisions regarding income eligibility levels for programs that use the income limits in the Act for eligibility determinations, requires the Department on Aging to adopt rules such that beginning January 1, 2027, and every January 1 thereafter, the income eligibility limits shall be adjusted to extend eligibility to households having an annual household income that is at or below 400% of the federal poverty level for the applicable family size.

Amends the Firearm Owners Identification Card Act. Provides that the Illinois State Police must deny the application or suspend or revoke a person's Firearm Owner's Identification Card upon receipt of a report from the Department of Human Services that an applicant or owner poses a clear and present danger. Requires the Department of Human Services to provide by rule for such a report. Makes similar changes if a law enforcement or school administrator notifies the Illinois State Police that a person poses a clear and present danger. Requires any information disclosed under the Act to be confidential. Prohibits the information from being redisclosed or used for any other purpose except as otherwise allowed by law. Provides that the identity of the reporting person may be disclosed only to the subject of the report if required by the Firearm Owner's Identification Card Review Board or a court as authorized under the Act. Requires that no later than January 1, 2026, the Firearm Owner's Identification Card Review Board must establish a process by which any person who is subject to the provisions of the Act can request expedited review from the Board. Requires that the Illinois State Police must provide the Board or any court with jurisdiction all records relevant to the request for relief. Allows the Illinois State Police and the individual seeking expedited relief to seek judicial review upon receipt of a final administrative decision under the Act. Provides that the Board, Illinois State Police, or employees and agents of the Board and Illinois State Police participating in the process under the Act may not be held liable for damages in any civil action arising from the alleged wrongful or improper granting, denying, renewing, revoking, suspending, or failing to grant, deny, renew, revoke, or suspend a Firearm Owner's Identification Card.

Appropriates the amount of $10,000,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for the purpose of awarding a grant to Omega Psi Phi Fraternity for costs associated with the Fraternity’s 2028 Grand Conclave. Effective July 1, 2025.

Amends the Sports Wagering Act. Removes a provision prohibiting licensees from accepting a wager for a sports event involving an Illinois collegiate team. Makes a conforming change. Effective immediately.

If and only if Senate Bill 867 of the 103rd General Assembly becomes law, repeals the provisions of Senate Bill 867 of the 103rd General Assembly. Effective immediately or on the date Senate Bill 867 of the 103rd General Assembly takes effect, whichever is later.

Amends the School Finance Authority Act of the School Code. Reinstates the School Finance Authority and reverts any powers, duties, rights, or property granted to the Chicago Board of Education upon the abolition of the original Authority established by the Article back to the Authority. Provides that any powers, duties, rights, or property granted to the Board before the abolition of the original Authority and after the reinstatement of the Authority under the amendatory Act shall remain vested in the Board. Updates the expiration dates of terms of the Chairman, the 2 Directors of the Authority appointed by the Governor, and the 2 Directors of the Authority appointed by the Mayor. Requires the Board to adopt and submit for approval a financial plan on or before March 1, 2027 and adopt and submit for approval a budget on or before February 1, 2027 with respect to the remaining portion of the fiscal year ending in 2027. Requires the Board, beginning in fiscal year 2029 and every second year thereafter, to adopt a financial plan covering a period of 2 fiscal years. Requires the Board to submit a staffing plan for the fiscal year ending in 2027 to the Authority within 90 days after the effective date of the amendatory Act. Makes other changes.

Creates the Property Tax Relief and Fairness Referendum Act of 2026. Provides that the State Board of Elections shall cause a statewide advisory question of public policy concerning a general homestead exemption to be submitted to the voters at the general election to be held on November 3, 2026. Provides that the State Board of Elections shall immediately certify the question to be submitted to the voters of the entire State to each election authority in Illinois. Repeals the Act on January 1, 2027.

Amends the Open Meetings Act. Provides that a civil action for violation of the Act may be brought within 60 days after the discovery of failure to comply with specified notice requirements.

Appropriates $1,250,000 from the General Revenue Fund to the Illinois Criminal Justice Information Authority for a grant to the Adler University Institute on Public Safety and Social Justice for costs associated with the Creating Healing Of Inside Community Educators (CHOICE) program and the Illinois Coalition for Higher Education in Prison (IL-CHEP) program. Effective July 1, 2025.

Appropriates $340,000 from the General Revenue Fund to the State Board of Education to address shortages of school psychologists in this State through specified methods. Effective July 1, 2025.

Appropriates $2,950,000 from the General Revenue Fund to the Board of Higher Education to address shortages of school psychologists in this State through specified methods. Effective July 1, 2025.

Amends the Illinois Procurement Code. Provides that no State agency shall enter into a contract with a business, person, or other entity that has been found to have committed insurrection or advocated the overthrow of the federal or State government. Requires units of local government to adopt an ordinance or resolution that regulates contracts between those units of local government and businesses, persons, or other entities that have been found to have committed insurrection or advocated the overthrow of the federal or State government. Provides that a business, person, or entity is found to have committed insurrection or advocated the overthrow of the federal or State government if such business, person, or entity is found guilty under specified provisions. Limits the concurrent exercise of home rule powers.