Illinois Agrees to Delay 0.2% Crypto Tax by Six Months Pending Court Approval

The Illinois state government has reached an agreement with the Chamber of Digital Commerce and the Illinois Blockchain Association to postpone the implementation of a 0.2% crypto tax from January 1, 2027, to July 1, 2027. The delay remains subject to approval by a circuit court judge. If approved, both parties will pause requests for an emergency injunction while continuing litigation regarding the tax law's constitutionality, enforceability, and compliance.