Illinois agrees to six-month delay of crypto tax amid court battle
- —Illinois crypto tax is set at 0.2% on transactions
- —Delay takes effect only if the court approves the deal
- —New effective date is July 1
- —Both sides will continue litigating the tax's legality
Why it matters: The delay eases the immediate tax burden on Illinois traders, but the court ruling will shape rules for the industry across the state.
Source: CoinDesk