Illinois agrees to delay 0.2% crypto tax until July 2027
Illinois has agreed to seek a six-month delay to its 0.2% crypto transaction tax, moving the proposed enforcement date from Jan. 1 to July 1, 2027, according to an agreed court motion. The joint court motion asks for a preliminary injunction preventing the January rollout. Illinois submitted the agreed request with the plaintiffs, the Digital Chamber and the Illinois Blockchain Association, proposing July 1, 2027, as the replacement date. The filing describes an agreement between the parties to request court relief, rather than a final judgment on whether the tax is lawful. Under the requested timetable, enforcement would be postponed while the legal challenge continues. Illinois crypto tax delay follows compliance objections In their earlier request for a preliminary injunction, the Blockchain Association and Crypto Council for Innovation argued that preparing for the January deadline would force their organizations and members to spend millions of dollars on compliance. According to the Blockchain Association and Crypto Council for Innovations injunction request, companies faced an accelerated timetable for building systems to comply with the Digital Asset Tax Act. The groups also argued that the industry would suffer irreparable harm even if businesses completed that work before implementation. Their request sought to prevent enforcement while the court considered the









