Illinois agrees to six-month delay of crypto tax as industry continues court battle
Both sides agreed the 0.2% tax should be put off until July 1, if the court approves the deal, which will let the state and industry focus on the legal dispute.
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Summary
- The new 0.2% Illinois crypto tax that’s worried the industry is expected to be postponed six months to July 1, assuming a judge approves the agreement between state officials and crypto industry representatives.
- The Digital Chamber and Illinois Blockchain Association negotiated a delay to allow the legal arguments to be conducted in court without the tax looming so closely.
