Illinois to Tax Crypto Trades 0.2%—Even on Losing Trades

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On September 29, the Illinois Department of Revenue officially released a draft outlining details of its Digital Asset Tax Act (DATA). Notably, Governor J.B. Pritzker signed the unparalleled bill into law on June 16 as part of the state’s fiscal 2027 budget bill (SB 3019).  Illinois mandates 0.2% crypto transaction tax Most states have defaulted …