CULLAH(@CullahMusic):We're here at @landon20s's Chicago Builds: Future of Money event at a packed house! Glad to be alongside @standwithcrypto Illinois Chapter President @c_georgen talking with Chicagoans about the first-in-the-nation tax in the newly enacted law: Digital Asset Tax Act (DATA). Starting January 1, 2027, it imposes a 0.2% tax on the full value of a digital asset every time an Illinois customer receives a covered exchange, transfer, or storage service from a digital asset broker. The customer pays the tax; the broker collects it.

2026.07.22 19:49

We're here at @landon20s's Chicago Builds: Future of Money event at a packed house! Glad to be alongside @standwithcrypto Illinois Chapter President @c_georgen talking with Chicagoans about the first-in-the-nation tax in the newly enacted law: Digital Asset Tax Act (DATA). Starting January 1, 2027, it imposes a 0.2% tax on the full value of a digital asset every time an Illinois customer receives a covered exchange, transfer, or storage service from a digital asset broker. The customer pays the tax; the broker collects it.

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