Illinois has released draft rules to tax cryptocurrency transactions. The rules impose a 0.2% tax on the value of digital asset transactions, including exchanges and transfers, regardless of profit or loss. This draft is part of the state’s Digital Asset Tax Act, enacted in the fiscal year 2027 budget. Proposed on September 25, 2026, the rules are expected to take effect in 2027, pending further regulatory steps including filing with the Secretary of State and submission to the Joint Committee on Administrative Rules.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
