Illinois Set to Begin Taxing Bitcoin, Crypto Transactions as Critics Slam ‘Most Punitive’ Tax – Decrypt
In brief Governor JD Pritzker of Illinois signed a new digital asset tax bill into law, enacting a 0.2% tax on transactions starting in 2027. The Crypto Council for Innovation called it it the “most punitive digital asset tax” in the country. Estimates suggest the state could bring in around $60 million next year thanks...
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