Illinois Enacts 0.2% Tax on All Crypto Transfers Starting 2027, Industry Groups Push for Repeal
By
Shiraz Jagati
Summary
Illinois Governor JB Pritzker signed the Digital Asset Tax Act (DATA) into law, introducing a 0.2% privilege tax on digital asset transfers starting January 1, 2027. The tax applies to the gross value of transfers regardless of profit or loss, making it one of the most aggressive state-level crypto taxes in the U.S. Industry groups have condemned the measure as punitive and are already organizing efforts to repeal it before it takes effect.
Source
bskyIllinois Enacts 0.2% Tax on All Crypto Transfers Starting 2027, Industry Groups Push for Repealnews.bitcoin.comKey quotes
· 3 pulledIndustry groups have branded the measure the most punitive crypto tax in the U.S. and are already pushing for a repeal.
Illinois has become the latest U.S. state to write digital assets directly into its tax code.
The measure introduces a 0.2% privilege tax on a broad set of digital
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