Illinois crypto tax is impossible to enforce as written, crypto industry tells court
Summary
Digital asset companies are pushing back against a proposed Illinois transaction tax, arguing that the legislation is unfeasible to implement as currently written. Representatives from the sector have formally notified the court of these enforcement hurdles as the legal dispute continues.
The legal battle to head off the crypto transaction tax in Illinois has drawn up a hefty roster of industry opposition, and they're saying the tax won't work.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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