regulation
18 crypto firms file brief challenging Illinois 0.2% digital-asset tax
DeFi Education Fund, Paradigm, Uniswap and a16z led a Nov 12 court filing with 14 co-signers against the Illinois Digital Asset Tax Act, now postponed to July 2027.
Stories tagged: #illinois
regulation
Illinois agrees to delay 0.2% crypto tax to July 2027 pending court approval
Industry and Illinois state officials filed a joint motion in Sangamon County to push the Digital Asset Tax Act's effective date from Jan 1 to July 1, 2027.
regulation
Illinois publishes draft 0.2% digital-asset tax rules, open through Oct 30
The Illinois Department of Revenue's draft implementing rules for the state's Digital Asset Tax Act clarify who owes the 0.2% levy, when, and how DEX transactions are treated.