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Illinois Statutes Chapter 205. Financial Regulation § 730/20. Local government restrictions

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 20. Local government restrictions.

(a) A unit of local government shall not:

(1) impose any tax or fee on the use of a blockchain or smart contract by any person or entity;

(2) require any person or entity to obtain from the unit of local government any certificate, license, or permit to use a blockchain or smart contract; or

(3) impose any other requirement relating to the use of a blockchain or smart contract by any person or entity.

(b) Nothing in this Section prohibits a unit of local government from using a blockchain or smart contract in the performance of its powers or duties in a manner not inconsistent with the provisions of this Act.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 205. Financial Regulation § 730/20. Local government restrictions - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-205-financial-regulation/il-st-sect-205-730-20/

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