According to PYMNTS, Illinois' new crypto tax will take effect on January 1, 2027. Law firm Jones Day stated that digital asset brokers with business ties to Illinois should prepare in advance by registering and reviewing record-keeping processes. The law will impose a 0.2% tax on the value of digital assets exchanged, transferred, or stored for in-state customers. The tax burden will be borne by the customers and collected by brokers with a physical presence in Illinois or annual gross revenue of $100,000 or more in the state. Jones Day noted that brokers must complete registration before conducting any digital asset transactions with Illinois customers, rather than waiting until they hit the $100,000 threshold. https://(wublock123.com)/news/illinois-crypto-tax-effective-2027-01-01-63961