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#Illinois Digital Asset Tax

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Illinois Backs Delay to Crypto Tax Rule Following Industry Pushback
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Illinois Backs Delay to Crypto Tax Rule Following Industry Pushback

Key Highlights: Illinois and industry challengers have submitted a joint filing seeking to delay collection of the state’s 0.2% Digital Asset Tax by six months, though the court had not confirmed entry of the order as of Oct. 4. The underlying statute remains in force without concessions of unconstitutionality, but the proposed pause would defer ...