Illinois to Levy 0.2% Tax on Residents’ Crypto Transfers via Centralized Exchanges Starting January 1, 2027
2026-06-22 20:07:06
Illinois will impose a 0.2% tax on crypto asset transfers by residents through centralized exchanges starting January 1, 2027. According to NS3.AI, the levy will apply to transfers and withdrawals, rather than being limited to sales that trigger capital gains taxes.
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