Illinois legislature may have lost its mind.

Illinois legislature may have lost its mind. They’ve passed a budget bill, pending Governor Pritzker’s signature, that will tax each crypto transaction (exchange, transfer, or storage) by IL taxpayers 0.2% of value. Is this the most aggressive thing any state has done? Indeed it is! Ask your favorite AI to read the 1,623 pages and summarize for you. I think we can all rest assured that few, if any, of the legislators read all the pages. Also, this isn’t a crypto bill! “Article 3 is only one part … that also includes targeted advertising taxes, social media platform fees, hotel marketplace taxes, gambling taxes, sports wagering changes, fuel tax changes, and many other tax provisions.” ~ learn more