5Institutional TransitionProgressed· since 2026-06-15Jun 17, 2026
Illinois Becomes First US State to Tax Digital Asset Transactions
Illinois enacted a 0.2% tax on digital asset transactions, becoming the first US state to impose such a levy. The tax is expected to take effect on January 1, 2027. Industry groups and legal experts publicly criticized the measure following its enactment.
Illinois digital asset transaction tax confirmed with 0.2% rate and effective date of January 1, 2027.
Story timeline · 3 days
- Jun 18, 20267Illinois Becomes First US State to Tax Digital Asset Transactions at 0.2%
No new legislative development; multiple outlets continued reporting the same enacted Illinois 0.2% digital asset transaction tax effective January 1, 2027.
- Jun 17, 20265· this storyIllinois Becomes First US State to Tax Digital Asset Transactions
Illinois digital asset transaction tax confirmed with 0.2% rate and effective date of January 1, 2027.
- Jun 15, 20264Illinois Becomes First US State to Impose Digital Asset Trading Tax