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
NEW: Illinois Governor Pritzker has signed a 0.2% tax on crypto transactions into law including transfers between personal wallets, with the Crypto Council for Innovation calling it "the most punitive digital asset tax in the country." pic.twitter.com/gTl0DnZ52L
— CoinDesk (@CoinDesk) June 17, 2026