Insights & Legal Updates

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Commentary on new tax law, practical insights for businesses and families, and the developments we think our clients should know about, written in plain language from Geneva, Illinois.

Tax Law Update June 18, 2026

Illinois Becomes the First State to Tax Crypto Transactions: What SB 3019 Means for You

Illinois has enacted a 0.2% privilege tax on digital asset transactions through Senate Bill 3019, becoming the first state in the country to tax crypto at the transaction level. Here is a plain-English look at what the new Digital Asset Tax Act does, the legal frameworks behind it, and the open questions Illinois businesses and individuals should be watching before it takes effect on January 1, 2027.

Read the Article By Robert S. McCarty · 8 min read

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