• This Illinois Bitcoin Tax Law Could Cost Crypto Holders More

    This Illinois Bitcoin Tax Law Could Cost Crypto Holders More

    Illinois Governor Pritzker signed a 0.2% digital asset tax targeting crypto exchanges, transfers, and custody, with no equivalent for stocks. Illinois Governor J.B. Pritzker has signed Article 3 of SB 3019, the Digital Asset Privilege Tax Act, into law.  The legislation imposes a 0.2% tax on digital asset exchange, transfer, and custody activities.  Illinois residents…

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