Illinois Smart Contract Legislation

Illinois

Brookings grade: Recognizing innovation potential

Bills

HB5553: Blockchain Technology Act.

Failed

 

HB5553 would have outlined allowable restrictions on blockchain and would have prohibited local governments from taxing cryptocurrencies.

 

Further reading:

Illinois Bill Regulating Blockchains Dies in Committee

 

HR0120: Blockchain Task Force

Pending

 

HR0120 would create a task force to study the risks and opportunities of blockchain technology.

 

HJR25: Blockchain Task Force

Passed: 28 June 2017

 

House Joint Resolution 25 created a task force to study the risks and opportunities of blockchain technology.

 

HB5335

Pending

 

HB5335 would allow the payment of state taxes in cryptocurrency.