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Illinois Agrees to Delay Rollout of 0.2% State Crypto Tax

News.Bitcoin.com
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Illinois Agrees to Delay Rollout of 0.2% State Crypto Tax

Just three months before it was set to take effect, Illinois officials and two crypto industry groups have jointly asked a state court to delay the rollout of the state’s new crypto asset tax by six months while a constitutional challenge moves forward. Crypto Tax Takes Time Out In an agreed motion filed Oct. 1 […]

Key Takeaways

  1. Just three months before it was set to take effect, Illinois officials and two crypto industry groups have jointly asked a state court to delay the rollout of the state’s new crypto asset tax by six months while a constitutional challenge moves forward.
  2. Crypto Tax Takes Time Out In an agreed motion filed Oct.
  3. Read the full article for additional context and details.
Read Full Article on News.Bitcoin.com

Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.