Illinois Agrees to Delay 0.2% Crypto Tax as Industry Lawsuit Continues
On October 1, Illinois agreed with the crypto industry to delay its controversial 0.2% digital-asset transaction tax by six months, pending a judge's approval. The tax was set to take effect January 1 on crypto activity by businesses earning over $100,000.
The Digital Chamber and the Illinois Blockchain Association are suing to kill the tax permanently, calling it unconstitutional and preempted by the federal Internet Tax Freedom Act. The delay lets both sides litigate the tax's "constitutionality and enforceability" without looming collection pressure.
Published by GSM · USA (original Chinese edition)
Photo: 图：比特币与以太坊纪念币特写（资料图）
