The Digital Chamber sued the Illinois Department of Revenue on Tuesday, asking a Sangamon County court to strike down the state’s new Digital Asset Tax Act before it takes effect. The trade group represents more than 250 blockchain firms. It argues the 0.2% levy unfairly singles out digital assets based on the technology used to The post Digital Chamber Sues Illinois Over 0.2% Crypto Tax Law appeared first on BeInCrypto .
The Digital Chamber, a crypto trade association led by CEO Cody Carbone, sued the state of Illinois over its new Digital Asset Tax Act, becoming the first industry group to challenge the nation’s first state-level tax targeting crypto business activity. A 0.2% Tax on Every Transfer The Digital Chamber filed its complaint in Sangamon County […]
The group alleged that the tax signed into law in June “discriminates against people who transact in digital assets“ and should be blocked from implementation and enforcement.