COINDESK · 2026-11-12 16:46 UTC

Illinois crypto tax is impossible to enforce as written, crypto industry tells court

Illinois plans a 0.2% tax on crypto activity for firms with more than $100,000 in receipts, delayed six months from its Jan. 1 start and currently on hold during court challenges. A brief filed Thursday by 18 crypto businesses and organizations, including a16z, Uniswap, Aave Labs, Chainlink Labs and Paradigm, argues the tax's definitions are too vague and discriminate against the digital assets industry. The brief says developers of non-custodial software lack customers, custody or customer-location data, so they could not practically collect the tax; the state's tax was estimated to raise…

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