Illinois Gov. JB Pritzker sign big budget bill with new Digital Asset Tax Act (DATA) — 0.2% tax on value of digital assets in certain activities.

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This tax hit businesses like exchanges, custodians, wallet services, brokers that do exchange, transfer or storage for customers.

It apply if customer in Illinois (by location, IP, address etc.). Even out of state company can pay if they have enough Illinois users or $100k+ receipts from state.

BDO tax summary: https://www.bdo.com/insights/tax/illinois-enacts-potentially-wide-reaching-digital-asset-tax

Bitcoin Magazine on signing: https://bitcoinmagazine.com/news/crypto-slams-illinois-digital-asset-tax

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