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
WATCH: Millionaire tax critic says AGO, Dems played politics instead of protecting residents
IL Supreme Court can’t just oust judges over speech: New filing
Illinois Republicans say Dems’ redistricting amendment would create more corrupt maps
Vote postponed on Southwest congressmen’s wildfire bill
Trump’s $1.5 trillion military budget: What taxpayers are getting
DOJ indicts Southern Poverty Law Center on wire, bank fraud charges
Ceasefire extended, fractured Iranian government cited
Lawmakers call for AI in financial literacy, systems
FTC probe into APA urged over contradictory stances on gender-affirming care for minors
Cherfilus-McCormick resigns from U.S. House
International Energy Agency leader says energy crisis worst in history
Republicans unveil budget resolution allotting up to $140 billion for ICE, CBP