Illinois and crypto groups seek six-month delay of digital asset tax
Illinois officials and two crypto trade groups asked a Sangamon County court to delay the state's 0.2% digital asset tax from January 1 to July 1, 2027, while judges review constitutional challenges in Case No. 2026-MR-271. The Chamber of Digital Commerce and Illinois Blockchain Association filed the request alongside Revenue Director David Harris and Attorney General Kwame Raoul. Illinois recently published draft rules addressing stablecoins, decentralized finance, bridges, and wallet transfers and is accepting comments through October 30. Plaintiffs allege multiple state and federal law violations while the state disputes those claims; the court has not yet entered the requested injunction.
Court could pause collection of the 0.2% digital asset tax until July 1, 2027
Context
Illinois adopted the digital asset tax act in June. Trade groups sued and asked a court…
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