Implementation of the tax is currently suspended until July 1, 2027, after a judge signed a joint motion to delay the start date by 6 months. This suspension ensures the levy does not take effect before the court rules on the legality of the fee.
Tuesday, October 20, 2026
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Illinois AG and Crypto Groups Request Fast Ruling on 0.2% Asset Tax
Crypto5 days ago
Industry trade organizations and state officials are pushing for a quick judicial verdict to determine the fate of a novel crypto levy in Illinois. The Crypto Council for Innovation and the Blockchain Association, alongside the Illinois Attorney General, filed for a summary judgment to settle whether the state's 0.2% tax on digital asset transactions is lawful, marking the first such attempt at taxing these assets in the U.S.
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