Illinois officials back six-month delay to state's crypto tax rule
Illinois officials have joined crypto industry groups in seeking a six-month delay to the state’s controversial digital-asset tax. An agreed motion, filed on October 1, asks a judge to postpone the levy’s January 1 start until July 1, 2027, while a constitutional challenge brought by The Digital Chamber and the Illinois Blockchain Association proceeds. The state's Revenue Director and Attorney General joined the request, even as the state continues to dispute the industry groups’ claims against the law. The court had not been confirmed to have entered the order as of October 4. The Digital Asset Tax, enacted in June, imposes a 0.2% levy on the value of digital assets involved in certain covered transactions, rather than on investors’ trading profits.
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