Crypto groups seek to strike down Illinois' 0.2% tax
Groups seek to strike down Illinois tax
Crypto groups are seeking to strike down a 0.2% tax proposed in Illinois, according to The Defiant.
0.2% levy on asset value
- The levy would be 0.2%.
- It would tax asset value rather than gains.
- Covered brokers would be required to collect it from Illinois customers.
What the report does not say
The supplied report does not name the crypto groups, does not state where or how the challenge was filed, and does not give a start date or other details about the tax.
Report source
Newisty Editorial Team covers technology, cryptocurrency, digital products, online platforms, developer tools and the wider digital economy. Our content is researched from official sources, company announcements, public documentation, market data and other primary or reputable sources. Articles are reviewed and edited before publication for clarity, accuracy and useful context.
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