Crypto
Illinois to impose crypto transaction tax from 2027 as industry backlash spreads
U.S. state Illinois will impose a 0.2 percent tax on cryptocurrency transactions from 2027. Governor J.B. Pritzker signed the Digital Asset Tax Act as part of the 2027 state budget, with the law set to take effect on Jan. 1, 2027. The tax applies to transfers and purchases of digital assets and can cover activity tied to Illinois as a primary place of use. Industry group CCI criticised the measure and raised concerns over its legislative process.
