Illinois agrees to delay implementation of its 0.2% digital asset tax, according to multiple reports. The state and crypto industry groups jointly ask a court to postpone the tax’s start date, placing the matter under judicial review while the legal dispute continues.
The proposed delay shifts the tax’s effective date from the current schedule to July 1, pending court approval. CoinDesk reports the sides agree to a six-month postponement to give both the state and industry time to focus on the court case. Decrypt similarly describes a joint request to move the start date to July 1, extending the timeline while the challenge proceeds.
Cointelegraph adds context on why the delay is sought, pointing to concerns raised by industry that the bill was rushed through the legislature and that the current timeline could prejudice their lawsuit. Across the outlets, the central points are the same: a 0.2% crypto tax is delayed, the adjustment is subject to court approval, and the underlying legal challenge remains active.
