Illinois is set to introduce a 0.2% tax on cryptocurrency transactions as part of its fiscal year 2027 budget. The measure, known as the "privilege tax," targets digital asset brokers and includes registration requirements under the amended Digital Asset Privilege Tax Act. Non-compliance could result in a third-degree felony, with penalties of two to five years in prison and fines up to $25,000. The budget, passed by the state legislature, awaits Governor JB Pritzker's signature, which he has indicated he will provide soon. The tax is projected to generate $60 million in revenue for the state.