Illinois digital asset tax draft rules stories

Sep 30, 2026

Illinois delays 0.2% crypto tax implementation by six months after industry lawsuit

Illinois state officials agreed to delay implementation of the Digital Asset Tax by six months following a lawsuit from crypto advocacy organizations opposing the 0.2% transaction tax.

Sep 30, 20264 sources

Top claims

▪Under the Digital Asset Tax Act, qualifying digital asset brokers who fail to impose the 0.2% tax starting on the effective date of Jan. 1, 2027 face potential fines and prison terms
▪Crypto industry advocates warn that Illinois' Digital Asset Tax Act is unclear and could result in Illinois residents being taxed multiple times on the same transaction
▪Illinois state officials and crypto industry groups filed a joint motion in the Sangamon County Circuit Court on October 1, 2026, to delay the state's 0.2% digital asset tax from January 1, 2027, to July 1, 2027, pending judge approval

Subtopics

Crypto lobbying1 Crypto regulation1 Crypto taxation1

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