finance
Illinois Governor Signs 0.2% Tax on Crypto Transactions
The tax applies to transfers between personal wallets. Officials said the measure took effect upon signing.
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Illinois Governor Pritzker signed a 0.2% tax on cryptocurrency transactions into law. The tax covers transfers between personal wallets. The Crypto Council for Innovation said the measure is the most punitive digital asset tax in the country.
The tax applies to all crypto transfers, including those between individual accounts. Officials have not released further guidance on collection or enforcement.
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LeftNeutralRightPunitive crypto restrictionModest targeted contribution
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LeftNeutralRightPunitiveModest
CorroborationModerate · 4 sources
