Illinois Delays Controversial Crypto Tax Amid Industry Lawsuit
In briefIllinois agreed to push its 0.2% crypto transaction tax back six months, to July 1, 2027, in a joint motion filed in Sangamon County Circuit Court.The delay stems from a lawsuit by The Digital Chamber and the Illinois Blockchain Association, which are still challenging the taxs constitutionality.The court must still approve the motion. A separate challenge from the Blockchain Association and Crypto Council for Innovation is ongoing. Illinois crypto users just got a six-month reprieve, if a judge signs off. State officials have agreed to push back the start of Illinois Digital Asset Tax from Jan. 1 to July 1, 2027, according to a joint motion filed Thursday in Sangamon County Circuit Court. The filing asks the court to preliminarily enjoin the tax, or temporarily block it, and stay its effective date until July. Myriad: Who wins the midterm elections? Click to make your prediction. The motion stems from a lawsuit brought by the Chamber of Digital Commerce, known as The Digital Chamber, and the Illinois Blockchain Association against Illinois Department of Revenue Director David Harris and Attorney General Kwame Raoul. Because the motion is agreed, or “stipulated,” both sides are asking the judge for the same outcome, but the court must still approve









