Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that prescription medicines and products classified as Class III medical devices by the United States Food and Drug Administration that are used for cancer treatment pursuant to a prescription are exempt from the taxes under the Acts. Effective July 1, 2026.

Creates the Home for Good Act. Provides that the Home for Good Program is created as a statewide coordinated program designed to provide housing and services to persons with arrest and conviction records and persons who are currently or formerly incarcerated (targeted population). Provides that the Illinois Housing Development Authority (IHDA) shall be responsible for providing appropriate resources to potential applicants to acquire, develop, and rehabilitate permanent affordable housing units and transitional housing units that are designated exclusively for the targeted population. Provides that the granting and application process shall follow the existing program model of the Housing for Justice Involved Individuals Program. Requires IHDA to be responsible for providing site-based rental housing subsidies to community organizations who work with the targeted population which may be used to enter into lease agreements and master lease agreements for the purpose of providing housing for program participants, and tenant-based rental subsidies. Requires the Illinois Criminal Justice Information Authority (ICJIA) to provide appropriate resources to community organizations who work with the targeted population. Provides that such resources shall be used to provide case management and reentry navigation services to Program participants; and to make supportive services available to Program participants, which may include housing and related services, physical and behavioral health, education, family reunification and relationship building, transportation, job training, acquiring vital documents, and meeting basic needs. Contains provisions concerning a requirement that a housing needs assessment tool be administered to all individuals exiting the Illinois Department of Corrections; a requirement that the Executive Director of IHDA create a Home for Good Institute to provide training and technical assistance to community organizations who intend to acquire, develop, rehabilitate, or operate permanent and transitional housing units for the targeted population; the establishment of the Home for Good Oversight Board; and rulemaking authority to implement the Act. Effective immediately.

Appropriates moneys from the General Revenue Fund to the Office of the State Appellate Defender for its ordinary and contingent expenses. Effective July 1, 2026.

Amends the Illinois Procurement Code. Provides that, in the case of a contract to supply a State agency with any product or service procured under the Code, the bidder or offeror shall certify, before the contract is awarded, renewed, amended, or extended, that the bidder or offeror does not sell products or provide services to the United States Department of Homeland Security, United States Immigration and Customs Enforcement, or United States Customs and Border Protection that are used in immigration enforcement actions. Provides that a State agency shall reject a bid from a bidder or offeror if the bidder or offeror certifies that the bidder or offeror sells products or provides services to the United States Department of Homeland Security, the United States Immigration and Customs Enforcement, or the United States Customs and Border Protection that are used in immigration enforcement actions. Defines "immigration enforcement action". Effective immediately.

Amends the Illinois Pension Code. Provides that the amendatory Act may be referred to as the Pension Security and Cost Efficiency Act. Sets forth findings. Provides that, beginning in State fiscal year 2027 and continuing through State fiscal year 2045, the State shall make the required annual State contributions to the 5 State-funded retirement systems on the first day of the fiscal year. For State fiscal years 2027 through 2031, authorizes, if the State Actuary makes a specified written certification, up to $6,000,000,000 in Pension Obligation Bonds to be used for the sole purpose of reducing the principal balance of unfunded liabilities of the 5 State-funded retirement systems. Provides that the proceeds of pension obligation bonds may not be used to fund the State's normal cost, to reduce or replace any minimum contribution otherwise required, or to pay benefits attributable to service rendered after the date of deposit of the proceeds. Provides that, for State fiscal years 2027 through 2031, the Governor is authorized to direct the payment of supplemental State contributions to the 5 State-funded retirement systems for the purpose of further front-loading payments and reducing unfunded liabilities. Provides that, for State fiscal years 2032 through 2045, the minimum contribution to each State-funded retirement system to be made by the State for each fiscal year shall be the re-amortized minimum contribution, which shall be calculated as a level-dollar amount over the years remaining to and including State fiscal year 2045 and shall be sufficient, in combination with employee contributions, investment income, and other income, to bring the total assets of each State-funded retirement system to at least 90% of its total actuarial liabilities by the end of State fiscal year 2045. Makes conforming changes. Amends the State Pension Funds Continuing Appropriation Act to make conforming changes. Effective immediately.

Amends the Higher Education Student Assistance Act. In provisions concerning the Prepare for Illinois' Future Program, requires the Program to offer students test preparation services for the Test of Essential Academic Skills. Provides that the other preparation programs for professional exams that the Program is required to offer students may include exams for insurance, allied health care, emergency medical services, firefighting, and fitness and wellness services. Provides that, in establishing the Program, the Illinois Student Assistance Commission may (rather than shall) consider, among other factors, whether a vendor can provide test preparation for multiple admission and professional exams (rather than whether the test and licensure exam preparation and credentialing programs can be provided by a single vendor). Provides that the Commission may not require a vendor to provide test preparation for all such admission and professional exams.

Makes appropriations and reappropriations for the fiscal year beginning July 1, 2026. Effective immediately.

Creates the Prediction Markets Regulation and Taxation Act. Includes findings and legislative intent provisions. Provides that no person shall operate a prediction market offering qualifying prediction market contracts to Illinois residents without first obtaining a master prediction market license from the Illinois Gaming Board and paying a $1,000,000 license fee to the Board. Provides that the master prediction market license is renewable annually upon payment of a $1,000,000 renewal fee and a determination of the Board that the licensee meets the requirements of the Act and the Board's rules. Requires the Board to adopt rules for licensing and establishes provisions concerning construction of the Act. Provides that the State shall impose and collect a privilege tax equal to 50% of a platform operator's adjusted gross receipts derived from qualifying prediction market contracts placed by or with Illinois residents. Sets forth provisions concerning additional requirements for the tax. Provides that violation of the Act shall constitute unlicensed gambling under the Criminal Code of 2012 and may result in cease and desist orders, civil penalties, license revocation, or referral for criminal prosecution. Grants the Board rulemaking authority to implement the Act. Amends the Criminal Code of 2012. Provides that, in addition to existing provisions, a person commits gambling when the person knowingly violates the Prediction Markets Regulation and Taxation Act.

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Requires the Department of Commerce and Economic Opportunity to establish criteria and guidelines for designation of a flagship cultural district. Provides that, no later than September 30, 2026, the Department shall award one flagship cultural district. Provides that the criteria that the Department must develop for a flagship cultural district shall include a demonstration that the applicant and the community (1) can provide a unified and inclusive approach to creating cultural engagement opportunities within its designated geographical area and (2) can provide strong community support for the flagship cultural district designation through participation by community organizations and state, regional, and municipal government agencies or officials. Provides that, within 12 months after being designated a flagship cultural district, the flagship cultural district shall submit a report to the Department detailing its current programs and goals for the next 4 years of its designation. Provides that, each year the district remains a flagship cultural district, it shall submit a report to the Department on the status of the programs and future developments of the district. Provides that, any flagship cultural district that fails to file a report for 2 consecutive years shall lose its status as a flagship cultural district. Effective immediately.

Appropriates specified amounts from various funds to the Court of Claims to pay claims in conformity with awards and recommendations made by the Court of Claims. Effective July 1, 2026.

Specifies that the amendatory Act may be referred to as the Reducing Expenses and Advancing Local (REAL) Housing Act. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. Creates the Middle Housing Incentive Program. Amends the Department of Labor Law of the Civil Administrative Code of Illinois. Authorizes the Department to establish workforce development initiatives. Amends the Department of Revenue Law of the Civil Administrative Code of Illinois. Extends the Veteran Property Tax Relief Reimbursement Pilot Program to July 1, 2030 (rather than July 1, 2028). Describes administrative responsibilities of the Department. Amends the State Finance Act. Creates the Veterans Property Tax Relief Reimbursement Pilot Program Fund and the Middle Housing Incentive Program Fund as special funds in the State treasury. Amends the Illinois Municipal Code and the Counties Code. Provides that a county or municipality may opt in, by resolution, to participate in the receipt of Local Government Distributive Fund revenues exceeding 8% of State income tax collections. Authorizes by-right overlay districts for middle housing and other housing-related innovations. Amends the Tax Increment Allocation Redevelopment Act. Makes changes to the definition of "redevelopment costs." Amends the Use Tax Act, the Services Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Changes the rate of tax on qualified residential development building materials to 1.25% (rather than 6.25%). Amends the Property Tax Code. Makes changes concerning the distribution of moneys collected from the Real Estate Transfer Tax. Amends the Prevailing Wage Act. Modifies the definition of "public works". Amends the Illinois Housing Development Act. Establishes grant-making and reporting requirements for the Illinois Housing Development Authority. Amends the Real Estate License Act of 2000. Limits commissions charged in residential real estate transactions. Amends the Security Deposit Return Act, the Security Deposit Interest Act, and the Landlord and Tenant Act. Makes changes regarding screening reports of prospective tenants and upfront rental costs of residential units. Makes conforming changes in the Condominium Property Act and the Common Interest Community Association Act regarding middle housing. Makes other changes. Effective January 1, 2028.

Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois. In provisions concerning data center incentives, provides that, as a condition of receiving and maintaining a data center certificate of exemption, the Department of Commerce and Economic Opportunity shall require that the qualified data center operator execute and comply with a community benefit agreement with the host community in which the qualified data center is located. Provides that the community benefit agreement shall require the qualified data center operator to make annual minimum payments to the host community. Provides that the amount of the minimum host community payments may exceed but shall be at least 10% of the property tax that would have been levied against the qualified data center property, irrespective of any exemptions, abatements, or exclusions applicable to the property, for the year immediately preceding the year in which the community benefit agreement is entered into. Provides that not less than 50% of the amounts received from the special payments shall be used to provide payments, credits, rebates, or other financial benefits to eligible homestead property owners for the purpose of offsetting residential tax burdens. Effective immediately.

Amends the Property Tax Code. Makes changes concerning certifications by the Department of Revenue for the purpose of establishing guidelines and valuations for farmland. Provides that cropland, permanent pasture, and other farmland shall be defined according to guidelines issued by the Department of Revenue (currently, U.S. Census Bureau definitions). Makes changes concerning equalization factors applied to farmland property. In provisions concerning property under a forestry management plan, provides that the Department of Natural Resources shall inform the Department of Revenue of each parcel of land covered by an approved forestry management plan, and the Department of Revenue shall notify each chief county assessment officer of each parcel of land covered by an approved forestry management plan (currently, the Department of Natural Resources notifies the Department of Revenue and each chief county assessment officer). Effective immediately.

Provides that the Act may be referred to as Reverend Jesse Jackson Day Act. Declares findings. Amends the State Commemorative Dates Act to commemorate October 8 as a holiday to be known as Reverend Jesse Jackson Day to honor the life and legacy of Reverend Jesse Louis Jackson, Sr., a long-time Illinois resident, ordained Baptist minister, and national civil rights leader. Provides that, when the eighth day of October falls on a Sunday, the following Monday shall be held and considered the holiday. Amends the Election Code, the Illinois Procurement Code, the School Code, and the Promissory Note and Bank Holiday Act to include Reverend Jesse Jackson Day as a holiday. Effective immediately.

Amends the Illinois Procurement Code. Provides that a company of concern is ineligible to, and shall not, bid on or submit a proposal for a contract, directly or through a third-party seller, with a State agency for goods, services, or the procurement or purchase of computers, printers, or interoperable videoconferencing services needed for an office environment in which the manufacturer, bidder, or offeror, or any subsidiary or parent entity of the manufacturer, bidder, or offeror, of the equipment is an entity, or parent company of an entity, in which the People's Republic of China has any ownership stake. Provides that the prohibition also applies in cases in which a State agency has contracted with a third party for the procurement, purchase, or expenditure of funds on any of the equipment described in the provision. Provides that a State agency shall require a company that submits a bid or proposal with respect to a contract for goods or services to certify that the company is not a company of concern. Provides that, if the Department of Central Management Services determines that a company has submitted a false certification, (1) the company shall be liable for a civil penalty in an amount that is twice the amount of the contract for which a bid or proposal was submitted; (2) the State agency or the Department of Central Management Services shall terminate the contract with the company; and (3) the company shall be ineligible to, and shall not, bid on a State contract. Defines "company of concern" as a company in which the government of China has an ownership stake.