Illinois SB3019 would create a 0.2% tax on the value of cryptocurrency transfers after January 1, 2027. According to NS3.AI, the tax would apply even when Illinois residents move crypto without realizing a profit.
The proposal would require centralized exchanges to collect the tax if they operate in Illinois or if they earn more than $100,000 from Illinois customers in a rolling 12-month period.
Illinois Bill Would Impose 0.2% Tax on Crypto Transfers Starting January 1, 2027
2026-06-18 21:09:55
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