Regulation· ★★★· neutral·

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