Illinois Proposes 0.2% Digital Asset Transaction Tax Rules

The Illinois Department of Revenue has released draft implementation rules for a 0.2% digital asset transaction tax, set to take effect on January 1, 2027. The proposal clarifies that stablecoins are subject to the tax, while NFTs are excluded. DeFi transactions are generally exempt, though protocol fees paid for platform maintenance may be taxable. Public comments on the draft are open until October 30.