Articles
The Illinois Blockchain Association and The Digital Chamber write in strong opposition to the Digital Asset Privilege Tax Act, introduced as Article 3 of SB 3019, House Amendment 001 (the “Tax”). In a misguided attempt to fill a budget hole, the Tax punitively slaps a 0.2% fee on everyday Illinoisans’ use of digital assets, from bitcoin to stablecoins and any other assets within this class. We urge Illinois to reject this measure. The tax is substantively unsound, procedurally deficient, and economically destructive.
The Illinois Blockchain Association (“IBA”) respectfully submits these comments on the proposed rules implementing the Digital Assets and Consumer Protection Act (“DACPA”) [205 ILCS 731], published as proposed new Parts 1031 of Title 38 of the Illinois Administrative Code.
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Articles
The Illinois Blockchain Association and The Digital Chamber write in strong opposition to the Digital Asset Privilege Tax Act, introduced as Article 3 of SB 3019, House Amendment 001 (the “Tax”). In a misguided attempt to fill a budget hole, the Tax punitively slaps a 0.2% fee on everyday Illinoisans’ use of digital assets, from bitcoin to stablecoins and any other assets within this class. We urge Illinois to reject this measure. The tax is substantively unsound, procedurally deficient, and economically destructive.
The Illinois Blockchain Association (“IBA”) respectfully submits these comments on the proposed rules implementing the Digital Assets and Consumer Protection Act (“DACPA”) [205 ILCS 731], published as proposed new Parts 1031 of Title 38 of the Illinois Administrative Code.
Become a member
Be a part of making Illinois the best place in the US to build a blockchain company.
Articles
Articles
The Illinois Blockchain Association and The Digital Chamber write in strong opposition to the Digital Asset Privilege Tax Act, introduced as Article 3 of SB 3019, House Amendment 001 (the “Tax”). In a misguided attempt to fill a budget hole, the Tax punitively slaps a 0.2% fee on everyday Illinoisans’ use of digital assets, from bitcoin to stablecoins and any other assets within this class. We urge Illinois to reject this measure. The tax is substantively unsound, procedurally deficient, and economically destructive.
The Illinois Blockchain Association (“IBA”) respectfully submits these comments on the proposed rules implementing the Digital Assets and Consumer Protection Act (“DACPA”) [205 ILCS 731], published as proposed new Parts 1031 of Title 38 of the Illinois Administrative Code.
Become a member
Be a part of making Illinois the best place in the US to build a blockchain company.