Crypto industry aghast at Illinois' new tax on holding or transferring digital assets in state budget
CoinDesk·
60-second summary
The Illinois state budget includes a 0.2% tax on any business activity involving digital assets, catching the crypto industry off guard with its last-minute addition. Two people familiar with the matter say this tax is unlikely to change, sparking widespread concern among crypto businesses operating in the state, potentially affecting their bottom line and operations.
The 0.2% tax on any business activity involving digital assets was added last-minute, and is unlikely to change, two people familiar with the matter said.