Wire · regulatory
Illinois Opens Public Comment on Draft Rules for Digital Asset Tax
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Fusion42 · 1 October 2026 · Fusion42 review
The Illinois Department of Revenue has opened a public comment period on draft rules implementing a 0.2% digital asset transaction tax, the first state-level crypto tax in the U.S., applying to brokers with Illinois customers starting January 1, 2027. The rules set nexus and registration requirements and presume customer location from contact or IP data amid ongoing legal challenges.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Illinois just opened a new sales tax front on crypto brokers collecting from in-state customers. You need to decide whether to engage with the comment period to shape rules or plan for this tax hitting your transaction costs from January.
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1 source · 30 Sep 2026
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