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Illinois Enacts 0.2% Crypto Transaction Tax as Federal Rules Advance

2026-07-01 05:58:08

Illinois enacted a 0.2% tax on nearly every crypto trade, transfer, or custody service run for an Illinois resident. The tax takes effect January 1, 2027, after Governor JB Pritzker signed the Digital Asset Tax Act in mid-June. GENIUS is already law, while CLARITY advanced 15-9 in May and awaits a Senate floor vote. The article says the federal bills do not clearly block states from adding digital-asset transaction taxes.

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