On September 28, 2026, the Illinois Department of Revenue (the “Department”) released draft proposed rules (the “Draft Proposed Rules”) implementing the Digital Asset Tax Act (the “Act”), which was enacted as part of Senate Bill 3019. Notably, the Draft Proposed Rules have not yet entered Illinois’ formal rulemaking process and the Department is accepting comments through October 30, 2026. The Act imposes a 0.2% tax on the value of a digital asset involved in a…
Artificial intelligence is fueling an unprecedented surge in demand for hyperscale data centers—massive, billion-dollar projects at the center of a high-stakes interstate competition. In this article, Stephen Long in Dallas and Doug Wick in Chicago examine how Texas has emerged as a national leader by pairing an expansive incentive framework with a business-friendly environment to build one of the largest data center footprints in the country. But recent legislative signals suggest the state may recalibrate…
In the early hours of June 1st, the Illinois legislature passed Senate Bill 3019 (“SB3019”) as part of its 2027 fiscal year budget bill, with major implications for online advertisers and social media companies. The bill is expected to officially become law without modification. Key changes to come for Illinois taxpayers include: Targeted Advertising Services Tax Beginning January 1, 2027, a 10% gross receipts tax will be imposed on providers of “targeted advertising services,” echoing…
Heading into 2026, several states are offering tax amnesty programs that can help businesses resolve outstanding liabilities with reduced penalties and interest. These programs provide a valuable opportunity to clean up past obligations and reduce the impact of future tax controversies. Here’s a summary: New Hampshire Statewide Tax Amnesty Illinois Remote Retailer Amnesty Washington State Voluntary Disclosure for International Remote Sellers Additionally, Indiana announced it will be launching an amnesty program some time in 2026…