Illinois Has Been Quietly Considering Bitcoin for Tax Payments

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Illinois is the latest state to join the fray of local governments looking to allow their residents to make tax payments using cryptocurrency.

Otherwise known as the Illinois House Bill 5335, it stipulates that “[I]n addition to any other method of payment provided for by law, the Department shall accept payment for any tax imposed by the State and administered by the Department of cryptocurrency.”

The bill was originally submitted on February 15 as proposed by Representative Michael J. Zalewski. By March 5th, the bill was already passed to the House Revenue and Finance Committee for deliberation.

Other states who have already had a head start in pushing for this type of proposal include Arizona and Georgia.

 

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