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Illinois officials agreed to postpone the 0.2%implementation date of the digital asset tax until July 1, 2027, but the postponement arrangement still requires court approval, and the related litigation will continue.
BlockBeats said that the Illinois Department of Revenue published 0.2%draft details for the digital asset transaction tax, proposing to include stablecoins in the taxable scope and exempt NFT. The draft is scheduled to take effect on January 1, 2027; the public comment period ends on October 30。
The Illinois Department of Revenue published a draft of implementation rules for the digital asset transaction tax, proposing to include stablecoins and certain DeFi, cross-chain transactions, and exchange transfer fees within the scope of taxation. The tax is scheduled to January 1, 2027 take effect, with comments accepted until October 30。