---
title: "Illinois Department of Revenue Publishes Draft Rules for Digital Asset Tax Act"
description: "The state revenue agency opened a public comment period running through Oct. 30, 2026, ahead of legislative review."
url: https://basisdesk.news/news/illinois-digital-asset-tax-draft-proposed-rules
published: 2026-09-30T04:46:33.602Z
modified: 2026-09-30T04:46:33.602Z
section: Regulation & Policy
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [BTC, ETH]
tags: [illinois, tax, regulation, state-policy]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# 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.

## 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].

## Editorial remark

- **Context:** Illinois authorities are developing implementing regulations for the Digital Asset Tax Act, aiming to clarify digital asset obligations under state tax law.
- **Impact:** Digital asset holders, tax preparers, and crypto firms operating in Illinois face upcoming administrative guidelines once draft rules are finalized.
- **Watch:** The conclusion of the public comment window on Oct. 30, 2026, followed by formal submission to the Secretary of State and JCAR review.

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].

## FAQ

**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. [Digital Asset Tax Draft Proposed Rules Posted](https://tax.illinois.gov/research/news/digital-asset-tax-draft-rules-posted.html) — tax.illinois.gov, 2026-09-30

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