
Illinois Agrees to Six-Month Delay of Contested Crypto Tax Pending Court Approval
- —The 0.2% tax start date moves from Jan. 1 to July 1, 2027
- —The levy applies to firms with over $100,000 in receipts, collected by brokers
- —State lawmakers projected up to $60 million in 2027 revenue
- —Challenges to the tax's constitutionality remain pending; the delay is not a repeal
Why it matters: The pause eases near-term pressure on crypto firms in Illinois, but the court's ruling will decide whether the first US state crypto tax takes effect.
Source: Inside Bitcoins
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