Loading chat...
IL HB5335
Bill
Status
Failed
1/8/2019
Primary Sponsor
Michael Zalewski
Click for details
AI Summary
-
Amends the Department of Revenue Law to authorize the Illinois Department of Revenue to accept cryptocurrency payments for any state tax administered by the Department.
-
Department must convert cryptocurrency payments to United States dollars at the prevailing exchange rate within 24 hours of receipt.
-
Taxpayer accounts are credited with the converted dollar amount following the currency conversion.
-
Cryptocurrency payment option is in addition to any other existing payment methods authorized by law.
Legislative Description
REVENUE-CRYPTOCURRENCY
Last Action
Session Sine Die
1/8/2019
Committee Referrals
Rules4/13/2018
Income Tax4/12/2018
Revenue & Finance3/5/2018
Rules2/16/2018
Full Bill Text
No bill text available