Illinois Delays Crypto Tax Rules After Court Challenge

Illinois has agreed to delay the implementation of its newly enacted 0.2% tax on digital assets, according to a court filing submitted by crypto advocacy group Digital Chamber in Sangamon County circuit court.

The state's officials have pushed back the effective date from January 1, 2027 to July 1, 2027, giving both sides more time to brief and argue the legal challenges already pending over the measure's constitutionality and process.

Digital Chamber is challenging the tax after it was included in Illinois' fiscal year 2027 budget legislation signed by Governor JB Pritzker in June.