Cryptocurrency17 Jun 2026SEO 801 min read

Analysis: Crypto industry aghast at Illinois' new tax on holding or transferring digital…

The 0.2% tax on any business activity involving digital assets was added last-minute, and is unlikely to change, two people familiar with the matter said. Illi…

The 0.2% tax on any business activity involving digital assets was added last-minute, and is unlikely to change, two people familiar with the matter said. Illinois Governor J.B. Pritzker approved the legislature's $56 billion budget, which includes a new 0.2% tax on digital asset business activity. Any business exchanging, storing or transferring digital assets for Illinois residents will be responsible for reporting this tax, according to the legislation. The tax was added last-minute, tw…

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