Illinois quick hits: Former governor proposes millionaire’s surcharge; digital state ID launched
Former governor proposes millionaire’s surcharge
Former Gov. Pat Quinn is pushing for a state constitutional amendment requiring Illinois millionaires to pay a 3% surcharge on their income tax returns.
The former governor said the millionaire’s tax would go to support a $4.5 billion property tax relief fund.
Quinn launched the campaign Tuesday outside the Cook County Treasurer’s Office in Chicago.
Digital state ID launched
Starting Wednesday, Illinois residents can add their Illinois-issued driver’s license or state ID to Apple Wallet and present their ID using their iPhone and Apple Watch.
Secretary of State Alexi Giannoulias said, for now, Illinois residents must continue to carry their physical ID.
Illinois joins 12 other states and the territory of Puerto Rico by offering driver’s licenses and state IDs in Apple Wallet.
Money laundering charges
The founder of a Chicago cryptocurrency company has been indicted in an alleged $10 million money laundering conspiracy.
Prosecutors say Crypto Dispensers CEO Firas Isa, 36, of Frankfort, Illinois and his company, Virtual Assets, have both pleaded not guilty.
According to the indictment, Isa’s company operated a cash-to-cryptocurrency exchange business with crypto ATMs at various locations throughout the United States.
Latest News Stories
Legislator seeks to exempt cap for Hollywood tax credits
U.S. announces end to military operations in Iraq as conflict in Iran ramps up
U.S. House votes to make daylight savings time permanent
Congressional committee to hold hearing in Houston after ICE fatal shootings
Feds: Chicago is key in trade fraud fight
Democrats tank advance of national defense bill in U.S. Senate
Illinois Quick Hits: State officials launch court user survey
Former CBO chief: Congress isn’t grappling with AI’s fiscal impact
GOP hardliners lift U.S. House blockade, challenges remain
U.S. House passes 10 bills to strengthen homeland security, address terrorism
Gulf lawmakers aim to extend state borders to 9 miles offshore
Ongoing border security prosecution efforts: 23 extraditions in one month