Skip to content
$BTC$83,205−0.7%$ETH$2,668−0.8%$SOL$118.68−0.2%$XRP$1.50−0.2%$TON$1.49−5.0%MCap$2.86T+1.0%BTC.D58.3%Fear&Greed71 GreedGas0.12 gwei·1.2 sat/vBNews mood27% bullish
Basis Desk
Regulation & Policy · 1 min read

Illinois Department of Revenue Publishes Draft Rules for Digital Asset Tax Act

The state revenue agency opened a public comment period running through Oct. 30, 2026, ahead of legislative review.

Neutral
$BTC $83,205 −0.7% $ETH $2,668 −0.8%

Key points

  • Illinois Department of Revenue published draft proposed rules for the Digital Asset Tax Act 1.
  • The department is soliciting public comments on the draft guidelines through Oct. 30, 2026 1.
  • The draft measures have not yet been filed with the Secretary of State or submitted to JCAR 1.

The Illinois Department of Revenue released draft proposed rules under the state's Digital Asset Tax Act, initiating an administrative feedback window that runs through Oct. 30, 2026 1.

According to the department, the regulatory language has not yet been filed with the Illinois Secretary of State or submitted to the state's Joint Committee on Administrative Rules (JCAR) 1. Public stakeholders have until the late-October deadline to provide formal feedback through the agency's digital asset tax informational portal before formal administrative rulemaking procedures commence 1.

State-level tax departments across the United States have increasingly sought defined administrative frameworks to administer levies on transactions involving digital assets like $BTC and $ETH. At the time of writing, $BTC was trading at $83,274 while $ETH traded at $2,672 amid a broader crypto market capitalization of $2.86 trillion.

Following the close of public comments on Oct. 30, 2026, the department faces subsequent procedural steps before the measures can take formal effect 1. The rules must be formally submitted to the Secretary of State and clear JCAR evaluation to advance into codified state regulation 1.

Questions this story raises

When does the public comment period for the Illinois draft rules end?
The Illinois Department of Revenue is accepting comments on the draft proposed rules through Oct. 30, 2026.
Are the Illinois Digital Asset Tax Act rules currently in effect?
No. The posted text consists of draft proposed rules that have not yet been filed with the Illinois Secretary of State or submitted to the Joint Committee on Administrative Rules.

Sources

  1. [1] Digital Asset Tax Draft Proposed Rules Posted — tax.illinois.gov, September 30, 2026

Written by Basis Desk's newsroom system from the primary sources above and machine-verified against them before publication. Market figures marked "at the time of writing" come from live exchange data. Report an error: hello@basisdesk.news.

Community read
How do you read this story for the assets involved? One vote a day, anonymous.
Be the first to vote
Share X Telegram Bluesky Markdown

Not financial advice. Basis Desk publishes information, not recommendations. Crypto assets are volatile and you can lose what you invest.