Illinois 0.2% Crypto Tax Faces Second Industry Suit
Unlike most state levies on trading gains, Illinois's rule taxes gross value of every covered broker-handled digital asset event.
Every Zipp story tagged #BlockchainAssociation, newest first.
Unlike most state levies on trading gains, Illinois's rule taxes gross value of every covered broker-handled digital asset event.
Blockchain Association CEO Summer Mersinger warns that reopening the stablecoin-yield provision less than three weeks before the procedural vote would restart a settled negotiation and likely sink…
A near-year-later pivot from the House floor to the Senate, with the August recess now the binding deadline and the Blockchain Association pressing lawmakers to clear remaining technical questions.
The industry wants rewards taxed at sale, not creation, and it is telling House tax writers the bill as written is the version worth moving.
The lobbying lands at a structural inflection point: a bill already cleared by Senate Banking now faces a full-Senate vote shaped by an ethics debate over Trump's crypto ventures.