Illinois Seeks Crypto Tax Delay

Their October 1 joint motion asks the Sangamon County Circuit Court to move the scheduled start from January 1 to July 1, 2027. The Digital Chamber, Illinois Blockchain Association and state officials have agreed to seek the postponement, but the published request still needs court approval.

The proposed six-month pause would allow the legal challenge to proceed before collection begins. Businesses are already preparing: in a separate case, the Crypto Council for Innovation and Blockchain Association said on September 9 that firms were spending millions on compliance systems.

A loss would not cancel the transaction charge

For customers, the unusual feature is the calculation. The Digital Asset Tax Act sets a 0.2% levy on the value ...