Illinois has become the first state in the U.S. to levy a tax on digital asset transactions, which is expected to take effect on January 1, 2027.

CoinFeed reported on June 17th that, according to Crypto Briefing, Illinois has become the first state in the U.S. to tax digital asset transactions. Governor J.B. Pritzker signed SB 3019, which includes the Digital Asset Tax Act, imposing a 0.2% business tax on brokers who trade, transfer, or hold digital assets for clients in the state. The tax is expected to take effect on January 1, 2027, and is projected to generate approximately $60 million in revenue for the state annually. This tax targets business activity, not profits; traditional securities brokers do not face similar tax burdens in Illinois. Former federal prosecutor Renato Mariotti criticized the tax for being quietly included in the budget without sufficient public debate. The Chamber of Digital Commerce and the Illinois Blockchain Association jointly oppose the tax, calling it "substantially flawed, procedurally deficient, and economically destructive."