IllinoisIllinois would repeal its Digital Asset Tax Act
If this bill becomes law, Illinois would repeal its Digital Asset Tax Act, ending the rules established by that Act.
What it does
Illinois would repeal its Digital Asset Tax Act if this bill becomes law. The text does not describe which tax rules or obligations that Act contains.
Argument forPeople subject to taxes under the Act might no longer have to follow its digital-asset tax rules if the repeal takes effect.
Argument againstPeople who rely on the Act’s digital-asset tax rules might face uncertainty about how to handle their taxes after it is repealed.
More detail
Illinois would repeal the Digital Asset Tax Act. The repeal covers the Digital Asset Tax Act. The repeal would take effect only if the bill becomes law. The repeal would take effect when the bill becomes law.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 27Added Co-Sponsor Rep. Charles MeierLatest
- Oct 15Added Co-Sponsor Rep. Steven Reick
- Oct 2Added Co-Sponsor Rep. Dave Severin
- Oct 2Added Co-Sponsor Rep. Patrick Sheehan
- Oct 2Added Co-Sponsor Rep. Bradley Fritts
- Oct 2Added Co-Sponsor Rep. Christopher "C.D." Davidsmeyer
- Oct 2Added Co-Sponsor Rep. Ryan Spain
- Oct 2Added Co-Sponsor Rep. Michael J. Coffey, Jr.
- Oct 2Added Co-Sponsor Rep. Jed Davis
- Oct 2Added Co-Sponsor Rep. Brad Halbrook
- Sep 23Added Co-Sponsor Rep. Jackie Haas
- Sep 23Added Co-Sponsor Rep. Martin McLaughlin
- Sep 23Added Co-Sponsor Rep. Jennifer Sanalitro
- Sep 23Added Co-Sponsor Rep. Joe C. Sosnowski
- Sep 21Added Co-Sponsor Rep. Kyle Moore
- Sep 21Added Co-Sponsor Rep. Chris Miller
- Sep 21Added Co-Sponsor Rep. Regan Deering
- Sep 21Added Co-Sponsor Rep. Kevin Schmidt
- Sep 21Added Co-Sponsor Rep. Nicole La Ha
- Sep 21Added Co-Sponsor Rep. David Friess
- Sep 21Added Co-Sponsor Rep. Tony M. McCombie
- Jul 6Added Co-Sponsor Rep. Travis Weaver
- Jun 29Added Chief Co-Sponsor Rep. William E Hauter
- Jun 22Filed with the Clerk by Rep. John M. CabelloIntroduced
Taxes & BudgetTechnology