Digital Chamber sues Illinois officials over new state 0.2% crypto tax
Summary
The Digital Chamber is suing Illinois over a 0.2% tax on cryptocurrency transactions set to take effect in 2027. It filed suit in Sangamon County, arguing the tax is facially invalid and was added to the state budget without public debate or input from affected parties. The Chamber says the measure unfairly targets digital asset users by taxing transactions based on how ownership is recorded or transferred, rather than on gains or actual transfers of ownership. The law, included in Illinois’ 2027 budget and signed by Governor JB Pritzker in June, would require crypto brokers to collect the tax or face potential prison time and fines.
