Creates the Educator Health Insurance Task Force to study the feasibility of creating regional health insurance purchasing pools of school districts accessible to all public educators in school districts that have a population of less than 500,000.

Amends the Illinois Grant Funds Recovery Act to make a change concerning school maintenance project grants. Amends the Soybean Ink Act to make a change concerning school districts. Amends the School Code. Removes outdated provisions regarding social science learning standards and provisions regarding meeting minimum higher education preparation and admission requirements. Removes language providing that students who do not take the State's final accountability assessment or its approved alternate assessment may not receive a regular high school diploma unless the student is exempted from taking the State assessments. Prohibits a school board from discriminating against, punishing, or penalizing a student because the student's parents or guardians are unable to pay any required fees or fines for the loss of school property. Removes the requirement that all paper purchased by a board of education, public schools, and attendance centers for publication of student newspapers be recycled newsprint. Increases the age for when an individualized education program must include transition services. Removes the minimum hour requirements for training on concussions and on issues related to domestic and sexual violence. Removes the requirement that a police training academy job training program be open to all students and that participation be tracked. Creates the School Code Mandate Reduction Council. Makes changes concerning commemorative holidays. Renumbers and reorganizes the Course of Study Article and other provisions. Makes conforming and other changes in various Acts. Repeals various Sections of the School Code, the Voting by Minors Act, and the Critical Health Problems and Comprehensive Health Education Act. Effective immediately.

Amends the Illinois Estate and Generation-Skipping Transfer Tax Act. Provides that the amount of the taxes imposed under the Act shall be reduced in each year by 20%. Provides that no tax shall be imposed under the Act for persons dying on or after January 1, 2030 or for transfers occurring on or after January 1, 2030. Provides that the Act is repealed on January 1, 2031. Effective immediately.

Amends the Public Funds Investment Act. Provides that any public agency may invest any public funds in broad-based index funds that track the performance of a large group of stocks picked to represent the broader market.

Amends the General Provisions Article of the Illinois Pension Code. With regard to the 5 State-funded retirement systems, provides that the following are forbidden entities for purposes of investment and certain other transactions: Hamas; any company or entity that is wholly or partially managed or controlled by Hamas; any company identified by the Office of Foreign Assets Control in the United States Department of the Treasury as sponsoring terrorist activities in conjunction with Hamas or under specified regulations pertaining to terrorism sanctions; any company that has been fined, penalized, or sanctioned by the Office of Foreign Assets Control in the United States Department of the Treasury for any violation of any United States rules and restrictions relating to Hamas that occurred at any time following the effective date of the amendatory Act; or any company that has business operations that involve contracts with or the provision of supplies or services to Hamas, companies in which Hamas has any direct or indirect equity share, or consortiums or projects commissioned by Hamas. Provides that a retirement system shall not transfer or disburse funds to, deposit into, acquire any bonds or commercial paper from, or otherwise loan to or invest in any entity unless a certifying company certifies to the retirement system that: (1) with respect to investments in a publicly traded company, the certifying company has relied on information provided by an independent researching firm that specializes in global security risk; and (2) 100% of the retirement system's assets for which the certifying company provides services or advice are not and have not been invested or reinvested in any forbidden entity at any time after 4 months after the effective date of the amendatory Act. Requires the Illinois Investment Policy Board to make its best efforts to identify all Hamas-restricted companies and include those companies in the list of restricted companies for purposes of investment distributed to each retirement system and the Illinois State Board of Investment. Makes conforming changes.

Amends the Condominium Property Act and the Common Interest Community Association Act. Prohibits associations under both Acts from (1) classifying authorized emergency vehicles as commercial vehicles and (2)restricting the parking of authorized emergency vehicles owned or under the control of a resident or unit owner or the tenant, guest, or invitee of a unit owner.

Amends the Open Meetings Act. Provides that the requirement that a quorum be physically present at the location of an open meeting does not apply to committees of the Police Officers' Pension Investment Fund.

Amends the Illinois Code of Military Justice. In the definition of "military offenses", updates the proper names of the listed offenses. Makes a corresponding change to a substantive provision concerning the offense of conduct unbecoming an officer. Effective immediately.

Amends the Election Code. Provides that an election authority may reduce the number of judges of election in each precinct to 3 judges of election in lieu of the 5 judges of election otherwise required. Makes conforming changes.

Creates the Gender in Sports Act. Provides that a student-athlete may participate in an intercollegiate athletics program at a postsecondary educational institution that allows only a single gender to participate in that program only if the gender of the student-athlete is the same gender as the single gender designation for that program.

Appropriates $10,000,000 from the General Revenue Fund to the Department of Commerce and Economic Opportunity for the purpose of awarding grants to units of local government for the demolition or repair of commercial buildings that are detrimental to public health or safety as a result of one or more of the following: dilapidation; obsolescence; deterioration; or the failure of the building to meet minimum building code standards. Effective immediately.

Creates the Music Incubator Rebate Act. Provides that the Department of Commerce and Economic Opportunity shall administer a music incubator rebate program under which the Department of Commerce and Economic Opportunity shall provide to the operators of eligible music venues and to eligible music festival promoters a full or partial rebate of the retailers' occupation taxes paid by those operators or eligible music festival promoters on the sale of beer and wine on the premises of the eligible music venue or at the location of the qualified music festival as part of the qualified music festival. Provides that moneys shall be paid from the Music Incubator Fund. Contains provisions creating the Music Incubator Fund. Amends the Department of Commerce and Economic Opportunity Law of the Civil Administrative Code of Illinois and the State Finance Act to make conforming changes. Effective immediately.

Amends the Public Utilities Act. Provides that a water or sewer utility owned by the State or any political subdivision thereof and being acquired by a large public utility must inform the public of the terms of its acquisition by the large public utility by holding a public meeting prior to the acquisition and causing to be published, in a newspaper of general circulation in the area that the water or sewer utility operates, information about the public meeting being held prior to the acquisition, the terms of the water or sewer utility's acquisition by the large public utility, and options that shall be available to assist customers to pay their bills after the acquisition. Provides that the water or sewer utility being acquired shall provide a notice 30 days prior to the public meeting to customers who will be affected by the acquisition. Provides that the notice shall be sent to the customers in the same manner as the customers' monthly bills, either by mail or electronically, but shall be delivered on a page separate from the bill itself and written in no less than 12-point font. Provides that the notice shall include (i) information about the public meeting being held prior to the acquisition, (ii) information on the public body that will make the decision regarding the sale of the water or sewer utility, and (iii) if available, an estimate of the capital investment needs of the water or sewer utility being acquired and a statement stating that customer rates may change in the future due to the capital investment needs.

Amends the Chicago Police and Chicago Firefighter Articles of the Illinois Pension Code. Provides that a widow's annuity shall be equal to 66 2/3%(instead of 50%) of the retirement annuity the deceased policeman or fireman was receiving at the time of death or 66 2/3% (instead of 50%) of the retirement annuity the policeman or fireman would have been eligible for if the policeman or fireman retired from service on the day before the policeman's or fireman's death. Amends the State Mandates Act to require implementation without reimbursement.

Amends the Business Corporation Act of 1983. Provides that, in the case of a domestic or foreign corporation, no payment is required for a franchise tax that would have been due and payable on or after January 1, 2026. Provides that all amounts remaining in the Corporate Franchise Tax Refund Fund shall be transferred to the General Revenue Fund no later than December 31, 2026. Makes changes in provisions concerning the statute of limitations. Repeals provisions concerning franchise taxes payable by domestic and foreign corporations on January 1, 2027. Effective immediately.