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Injunction Delays Digital Assets Tax
The injunction lets parties litigate the tax’s constitutionality before Illinois residents and service providers must comply, and repeal legislation has drawn 22 Republican cosponsors.
Summary by The Center Square
4 Articles
4 Articles
Injunction delays digital assets tax – Center Square – Wirepoints
State Rep. John Cabello said that before implementing a tax, lawmakers should face the people who will pay for it. “Hold a hearing. Let them testify. Explain what you’re doing before it’s a done deal instead of passing it in the middle of a night without a hearing,” Cabello said. As of Monday, Cabello’s House Bill 5798 to repeal the digital assets tax had 22 Republican cosponsors.
Injunction delays digital assets tax - Regional Media News
(The Center Square) - Holders of cryptocurrency and other digital assets have a reprieve before a new Illinois tax is scheduled to take effect. Last week, a Sangamon County judge signed an agreed preliminary injunction between the state and The Digital Chamber, postponing the 0.2% [...]
Coverage Details
Total News Sources4
Leaning Left0Leaning Right3Center0Last Updated100% Right
Bias Distribution
- 100% of the sources lean Right
100% Right
R 100%
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