The Digital Chamber (TDC) has filed a lawsuit against Illinois over a new digital asset transaction tax set to take effect in January 2027. The tax, part of Illinois' fiscal year 2027 budget, imposes a 0.2% levy on digital asset transactions, which the industry has labeled as the harshest in the U.S. TDC's complaint argues that the tax discriminates against digital assets by treating them differently based on technological differences, rather than economic attributes.
The advocacy group emphasizes that it seeks equal treatment for property with identical economic characteristics, regardless of the technology used for ownership transactions. TDC warns that if Illinois' tax is upheld, it could set a precedent for other states to impose similar taxes on emerging technologies, potentially affecting AI settlement systems and cloud payment networks.
Digital Chamber Sues Illinois Over Crypto Transaction Tax
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