Woofun AI reports that Illinois has established itself as the first US jurisdiction to levy a specific tax on digital asset transactions. Governor J.B. Pritzker signed SB 3019 into law, introducing the Digital Asset Tax Law which mandates a 0.2% business tax on brokers engaged in trading, transferring, or custodial services for clients within the state. This regulatory shift distinguishes digital asset activities from traditional securities, which remain exempt from comparable burdens. Scheduled to take effect on January 1, 2027, the legislation is projected to generate approximately $60 million in annual revenue for the state government by targeting gross transaction volume rather than net profits.

The measure has triggered significant backlash from legal and industry stakeholders. Former federal prosecutor Renato Mariotti criticized the legislative process, noting the tax was embedded in the budget without adequate public debate.

Concurrently, the Digital Chamber of Commerce and the Illinois Blockchain Association issued a joint opposition, characterizing the policy as 'unsound in substance, flawed in process, and economically destructive.' This divergence highlights growing tension between state fiscal strategies and the digital asset ecosystem's operational frameworks.