Amends the Cannabis Regulation and Tax Act. Makes a technical change in a Section concerning the short title.

Amends the Water Company Invested Capital Tax Act. Makes a technical change in a Section concerning the short title.

Creates the Compassionate Use and Research of Entheogens Act. Establishes the Illinois Psilocybin Advisory Board. Provides a timeline for the Board. Provides that the Department of Public Health, the Department of Agriculture, the Department of Financial and Professional Regulation, the Illinois State Police, and the Department of Revenue may adopt rules and implement the Act. Provides for licensing to operate a service center, facilitate psilocybin services, manufacture psilocybin products, and test psilocybin products by certain State agencies, with certain requirements. Provides for the lawful manufacture, delivery, and possession of psilocybin products. Provides procedures for psilocybin services, including requirements for certain sessions, plans, and forms. Limits the sale of psilocybin products with certain restrictions. Provides for investigations and inspections under the Act. Provides for certain fees, fines, actions against a licensee, criminal penalties, and civil penalties for violations of the Act. Provides for administrative hearings and other requirements for disciplining an applicant or licensee. Provides requirements for psilocybin-producing fungi as a crop, food, or other commodity. Provides for labeling and packaging requirements. Imposes a tax on psilocybin. Establishes the Psilocybin Control and Regulation Fund and Illinois Psilocybin Fund as special funds in the State treasury. Limits home rule powers. Makes other provisions. Makes corresponding changes to the State Finance Act. Amends the Freedom of Information Act. Exempt certain correspondence and records under the Act. Amends the Illinois Independent Tax Tribunal Act of 2012. Adds the Act to the jurisdiction of the Tax Tribunal. Amends the Illinois Vehicle Code. Adds psilocybin or psilocin to the list of prohibited substances for a person driving or in actual physical control of a vehicle. Amends the Illinois Controlled Substances Act. Removes psilocybin or psilocybin products from the definition of "Controlled Substance". Removes psilocybin and psilocyn from the list of Schedule I controlled substances. Effective immediately.

Creates the Fiscal Year 2026 Budget Implementation Act. Contains a short title only. Effective July 1, 2025.

Amends the Property Tax Code. In a provision concerning the Low-Income Senior Citizens Assessment Freeze Homestead Exemption, provides that, beginning in taxable year 2026, the taxpayer's annual household income for purposes of determining eligibility for the exemption shall be reduced by any amounts paid by the taxpayer as Medicare premiums during the calendar year. Effective immediately.

Amends the Business Corporation Act of 1983. Makes a technical change in a Section concerning the short title.

Amends the Liquor Control Act of 1934. Makes a technical change in a Section concerning the short title.

Amends the Infrastructure Development Act. Makes a technical change in a Section concerning the short title.

Amends the Murdered Children Funeral and Burial Assistance Act. Makes a technical change in a Section concerning the Act's short title and references to the Act.

Appropriates $2 from the General Revenue Fund to the Illinois Finance Authority for its FY26 ordinary and contingent expenses. Effective July 1, 2025.

Amends the Criminal Code of 2012. In the offense of theft of labor or services or use of property, provides that the notification of failure to return the vehicle, equipment, or other personal property may be made through electronic means, including email, text, or email and text. Provides that if the notification is made by electronic means, the return must be made within 24 hours after notification. Provides that the offense includes placing the vehicle, equipment, or any other personal property for sale during the rental period or thereafter. Provides that the court may order that a person convicted of the offense to reimburse the victims or the victims' representatives for court filing costs, attorney's fees, and such other related costs.

Amends the Judicial Circuits Districting Act of 2022. Makes a technical change in a Section concerning the short title.

Amends the Illinois Pension Code. Makes a technical change in a Section concerning downstate firefighters.

Appropriates $2 from the General Revenue Fund to the Illinois Council on Developmental Disabilities for its FY26 ordinary and contingent expenses. Effective July 1, 2025.

Amends the Property Assessed Clean Energy Act. Makes a technical change in a Section concerning the short title.