The Blockchain Association and Crypto Council for Innovation filed suit in Illinois state court to block a 0.2% tax on digital asset transactions before it takes effect in 2027.
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The Blockchain Association and the Crypto Council for Innovation filed a joint lawsuit in Illinois state court on August 21. They aim to block the Digital Asset Tax Act before it takes effect on January 1, 2027.
The law imposes a 0.2% tax on the value of digital asset transactions. The groups argue the tax violates the dormant Commerce Clause and the federal Internet Tax Freedom Act. They also claim it violates state due process protections.
The dormant Commerce Clause generally prevents states from enacting laws that unduly burden interstate commerce. Crypto transactions often cross state and national boundaries. The groups argue the tax would interfere with commerce beyond Illinois’s reach.
The Internet Tax Freedom Act limits certain discriminatory taxes on internet access and online commerce. The lawsuit contends the digital asset transaction tax unfairly targets internet-based financial activity.
The case is in Illinois state court. No hearing date has been set. The law remains scheduled to take effect in 2027 unless the court blocks it.
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