Illinois Enacts 0.2% Digital Asset Tax Under SB3019, Crypto Industry Objects
By
NewsBTC Editorial Team
Summary
Illinois has enacted SB3019, introducing a 0.2% tax on digital asset business activity effective January 1, 2027. The law applies to exchanges, brokers, and other crypto firms operating in the state, giving them time to prepare for compliance. The crypto industry has pushed back against the measure, viewing it as another state-level regulatory burden as digital asset oversight increasingly shifts from federal to state governments.
Source
bskyIllinois Enacts 0.2% Digital Asset Tax Under SB3019, Crypto Industry Objectsnewsbtc.comKey quotes
· 3 pulledThe Illinois General Assembly bill status page for SB3019 shows the measure has advanced into law, while industry and tax summaries point to a new 0.2% levy connected to digital asset business activity.
The tax is expected to apply from January 1, 2027, giving exchanges, brokers and affected firms time to assess how the rules will work in practice.
Illinois has moved forward with a new digital asset tax, giving the crypto industry another state-level policy fight to watch as regulation increasingly shifts beyond Washington.
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