By Isaac • June 17, 2026 11:18 am •
Illinois just made using crypto a taxable event at the state level.
Governor JB Pritzker signed a $55.9 billion fiscal 2027 budget on Tuesday that includes a 0.2% digital asset privilege tax.
The tax takes effect on January 1, 2027. It applies to digital asset transactions involving Illinois residents under a broad definition of digital asset business activity.
That reach is the part the industry is reacting to. The law does not target capital gains or income.
It targets the activity itself.
Illinois Governor Pritzker just signed the most punitive digital asset tax in the country into law.
This will create an unprecedented tax regime that disproportionately burdens Illinois residents for simply using digital
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