s/joeykrugCRYPTO TAX•Oct 1
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Illinois delays 0.2% crypto transaction tax until July 2027
Illinois has pushed its 0.2% crypto transaction tax from January 1 to July 1, 2027, so the levy will not start on the original date. It covers crypto buys, sales, and transfers whether the transaction makes money or loses it.
The delay is tied to a lawsuit from The Digital Chamber and the Illinois Blockchain Association, not a repeal. The agreement still needs court approval, leaving the tax’s survival unresolved until then.
The delay is tied to a lawsuit from The Digital Chamber and the Illinois Blockchain Association, not a repeal. The agreement still needs court approval, leaving the tax’s survival unresolved until then.
Timeline3
Sep 29
Illinois released rules for a 0.2% tax on covered Bitcoin transactions beginning in 2027.
Oct 1
The Digital Chamber said Illinois agreed to delay the tax from January 1 to July 1, 2027, following its lawsuit with the Illinois Blockchain Association.
Oct 1
The Block reported that the six-month delay remained pending court approval.
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Oct 1