Illinois crypto tax faces first legal challenge before it even takes effect
Covered by 2 sources · 2 articles
2 outlets - including Cryptopotato and Cryptopolitan - are covering this story. The case centers on equal treatment, with challengers claiming blockchain users should not face different tax rules than traditional finance.
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Crypto Industry Launches First Major Legal Challenge to Illinois’ Digital Asset Tax
The case centers on equal treatment, with challengers claiming blockchain users should not face different tax rules than traditional finance.
Illinois crypto tax faces first legal challenge before it even takes effect
The Digital Chamber sued Illinois on Tuesday to block the state’s new 0.2% tax on digital asset transactions, becoming the first trade group to challenge the law in court before it even takes effect. 🧵1/ Today we filed suit in Sangamon Cou…