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.
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