Illinois agrees to postpone the implementation date of the 0.2% digital asset tax by 6 months

Illinois government officials have agreed to postpone the implementation date of the 0.2% digital asset tax from January 1, 2027 to July 1, and the postponement arrangement still requires court approval. The Digital Chamber filed a lawsuit against the tax in July and plans to continue seeking to overturn the tax through litigation. The Illinois State Taxation Office has released a draft of the implementation rules for the digital asset tax and is open for public comment until October 30th.