⚖️ Illinois' 0.2% crypto tax faces industry backlash in court
Eighteen companies and organizations in the digital sector have filed an amicus brief with an Illinois court, arguing that the 0.2% tax on crypto transactions, which would apply to firms with revenue exceeding $100,000, is vague, discriminatory, and impossible for developers and non-custodial providers to comply with. The bill, backed by Governor JB Pritzker's administration, aims to raise around $60 million, but is on hold while legal challenges are resolved.
$ENA $SOL $BTC
#Regulacion #Impuestos #Crypto
Eighteen companies and organizations in the digital sector have filed an amicus brief with an Illinois court, arguing that the 0.2% tax on crypto transactions, which would apply to firms with revenue exceeding $100,000, is vague, discriminatory, and impossible for developers and non-custodial providers to comply with. The bill, backed by Governor JB Pritzker's administration, aims to raise around $60 million, but is on hold while legal challenges are resolved.
$ENA $SOL $BTC
#Regulacion #Impuestos #Crypto
