Illinois Governor J.B. Pritzker signed the Digital Asset Tax Act into law, setting a 0.2% levy on crypto operations for 2027.
- Illinois has enacted the Digital Asset Tax Act, imposing a 0.2% tax on cryptocurrency transactions starting January 1, 2027.
- The tax applies to activities within the state or by residents, with exchanges acting as withholding agents.
- Industry groups criticize the law as 'punitive' and 'severe,' contrasting it with federal proposals that aim for exemptions.
Topics: Jurisdictions, Legal regulatory, Political endorsements opposition, Established hubs, Securities law classification, Pro innovation policy, Political opposition bans
Tags: #illinois #bitcointax #digitalassettaxact #cryptocurrency #jbpritzker #02levy #cryptooperations #regulatorypressure #taxframework
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