Illinois Agrees to Six-Month Delay for Digital Asset Tax

Illinois officials have agreed to a six-month delay for the state's Digital Asset Tax Act, pending court approval. The tax, which imposes a 0.2% fee on certain digital asset transactions, was originally set to take effect on January 1, 2027. A joint motion filed by the Digital Chamber and the Illinois Blockchain Association seeks to postpone enforcement until July 1, 2027, while the Sangamon County Circuit Court reviews the law's constitutionality. The plaintiffs argue the tax is discriminatory and potentially violates federal rules regarding online commerce.