Illinois Governor JB Pritzker signed the Digital Asset Tax Act on Tuesday, imposing a 0.2% tax on the transaction value of digital asset trades or services offered to Illinois customers, effective January 1, 2027. The tax targets cryptocurrency service providers, requiring them to collect and remit the tax on behalf of customers. Industry organizations such as the Crypto Council for Innovation, the Digital Chamber, and the Illinois Blockchain Association oppose the bill.
Illinois Governor Signs Digital Asset Tax Act, Imposing a 0.2% Tax on Crypto Transactions
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Illinois Governor JB Pritzker signed the Digital Asset Tax Act on Tuesday, imposing a 0.2% tax on digital asset transactions or services provided to residents. The tax, effective January 1, 2027, will be collected by crypto service providers. The bill has drawn criticism from groups such as the Crypto Council for Innovation and the Illinois Blockchain Association. Digital collectibles news and digital asset news continue to shape regulatory developments in the U.S.
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