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Illinois Delays Controversial Crypto Tax Amid Industry Lawsuit

Illinois Delays Controversial Crypto Tax Amid Industry Lawsuit

Illinois crypto users just got a six-month reprieve, if a judge signs off.

State officials have agreed to push back the start of Illinois’ Digital Asset Tax from Jan. 1 to July 1, 2027, according to a joint motion filed Thursday in Sangamon County Circuit Court. The filing asks the court to preliminarily enjoin the tax, or temporarily block it, and stay its effective date until July.

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The motion stems from a lawsuit brought by the Chamber of Digital Commerce, known as The Digital Chamber, and the Illinois Blockchain Association against Illinois Department of Revenue Director David Harris and Attorney General Kwame Raoul.

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