CoinScoopIllinois to Impose 0.2% Tax on All Cryptocurrency Transactions
The Illinois Department of Revenue has released a draft detailing the Digital Asset Tax Act (DATA), which imposes a 0.2% tax on all cryptocurrency transactions, including those resulting in losses. Governor JB Pritzker signed the legislation into law on June 16.
Summaries are written by AI from the original article. Not investment advice.