Illinois crypto groups seek injunction against new tax
Illinois crypto groups seek injunction against new tax
Two industry groups sued Illinois to block its 0.2% digital asset tax before implementation begins.The tax takes effect January 1, 2027, covering specified exchanges, transfers and storage services statewide.Plaintiffs allege seven federal and state legal violations, including discriminatory internet taxation and vagueness claims.The complaint seeks preliminary and permanent injunctions, but no court has blocked enforcement yet statewide.Illinois House Bill 5798 proposes complete repeal but has not advanced beyond its filing stage.