Illinois lawmakers want tax incentives to expand to crypto miners

According to public records, Illinois lawmakers want tax incentives to expand to crypto miners, and Illinois Senate Bill 3643, first introduced in mid-January by Republican Senator Sue Rezin, was co-opted by Democratic Senator Julie Morrison this week. proposal. The tax incentives cited in the bill have been in place since 2019, and potential applicants must invest at least $250 million, create at least 20 jobs, and have achieved requirements such as carbon neutral status or green building certification. If Bill 3643 is finalized, the tax incentive program will allow adoption by eligible crypto miners.