Illinois will postpone implementation of crypto tax following lawsuit
Illinois agreed to delay its 0.2% digital asset tax from Jan. 1, 2027, to July 1, 2027, according to a court filing tied to a lawsuit by the Digital Chamber. The group sued state officials in July, arguing the tax was inserted into the budget without public debate and challenging its legality. The delay is meant to allow briefing and court review without affecting either side’s claims. The tax was part of Illinois’ FY2027 budget signed by Governor JB Pritzker in June. It would have required crypto brokers to collect the tax starting Jan. 1, with penalties for noncompliance. Digital Chamber called the postponement a major win but said it will keep fighting to strike the tax down. Separate constitutional lawsuits by the Crypto Council for Innovation and Blockchain Association may still be pending, though their status after the delay was unclear.
