Illinois Crypto Tax Draws Industry Pushback After SB3019 Becomes Law
· newsbtc editorial team
AI Briefing
- • Illinois enacts 0.2% digital asset tax from 2027 under new law SB3019.
- • Crypto industry groups criticize the tax, calling it "onerous" and "burdensome".
- • The tax is expected to impact businesses and investors in the state's cryptocurrency market.
Source Summary
Illinois has enacted SB3019, introducing a 0.2% digital asset tax from 2027 and drawing criticism from crypto industry groups.
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