Illinois’ 0.2% Crypto Tax Sparks a Full-Blown Courtroom War
Two heavyweight crypto trade groups have dragged Illinois into court over a first-in-the-nation 0.2% tax that could hammer digital asset trades, transfers, and storage when it kicks in Jan. 1, 2027. The Blockchain Association and Crypto Council for Innovation filed the complaint on Aug. 21 in Sangamon County Circuit Court against Illinois Department of Revenue […]
Key Takeaways
- Two heavyweight crypto trade groups have dragged Illinois into court over a first-in-the-nation 0.2% tax that could hammer digital asset trades, transfers, and storage when it kicks in Jan.
- The Blockchain Association and Crypto Council for Innovation filed the complaint on Aug.
- 21 in Sangamon County Circuit Court against Illinois Department of Revenue […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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