Illinois delays crypto tax by six months amid court fight
- —Illinois crypto transaction tax start moved from Jan 1 to Jul 1, 2027
- —Sangamon County court approved the delay on a joint motion
- —The state's tax on digital asset transactions is described as unprecedented
Why it matters: The delay eases near-term compliance risks for crypto firms and users in Illinois, though the legality of the tax remains unresolved.
Source: BitExpert