Illinois’ new crypto tax puts users under a burden stocks do not face
Illinois Gov. J.B. Pritzker has signed a $55.9 billion state budget that includes a first-of-its-kind 0.2% tax on crypto assets. The Digital Asset Tax Act, nested deeply within the broader revenue package of Senate Bill 3019, establishes a novel privilege tax on the exchange, transfer, and custody of cryptocurrencies. Beginning January 2027, digital asset brokers...
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