Illinois HB5798: DIGITAL ASSET TAX ACT-REPEAL

What the bill says

A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026HB5798Introduced , by Rep. John M. CabelloSYNOPSIS AS INTRODUCED: ILCS 195/Act rep. 35 ILCS 195/Act rep. ILCS 195/Act rep. Repeals the Digital Asset Tax Act. Effective immediately. LRB104 22378 JDS 38821 b LRB104 22378 JDS 38821 b LRB104 22378 JDS 38821 b A BILL FOR HB5798LRB104 22378 JDS 38821 b HB5798 LRB104 22378 JDS 38821 b HB5798 LRB104 22378 JDS 38821 b AN ACT concerning revenue.

From the introduced text, June 22, 2026:

A BILL FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026HB5798Introduced , by Rep. John M. CabelloSYNOPSIS AS INTRODUCED: ILCS 195/Act rep. 35 ILCS 195/Act rep. ILCS 195/Act rep. Repeals the Digital Asset Tax Act. Effective immediately. LRB104 22378 JDS 38821 b LRB104 22378 JDS 38821 b LRB104 22378 JDS 38821 b A BILL FOR HB5798LRB104 22378 JDS 38821 b HB5798 LRB104 22378 JDS 38821 b HB5798 LRB104 22378 JDS 38821 b AN ACT concerning revenue. Be it enacted by the People of the State of Illinois, represented in the General Assembly: (35 ILCS 195/Act rep.) Section 5.The Digital Asset Tax Act is repealed. Section 99.Effective date.This Act takes effect upon becoming law.

Read the full official text

Sponsors

• John M. Cabello (R, 90) · primary sponsor
• William E Hauter (R, 87)
• Travis Weaver (R, 93)
• Tony M. McCombie (R, 89)
• David Friess (R, 115)
• Nicole La Ha (R, 82)
• Kevin Schmidt (R, 114)
• Regan Deering (R, 88)
• Chris Miller (R, 101)
• Kyle Moore (R, 99)
• Joe C. Sosnowski (R, 69)
• Jennifer Sanalitro (R, 48)

Latest actions

1. October 27, 2026: Added Co-Sponsor Rep. Charles Meier
2. October 15, 2026: Added Co-Sponsor Rep. Steven Reick
3. October 2, 2026: Added Co-Sponsor Rep. Dave Severin
4. October 2, 2026: Added Co-Sponsor Rep. Patrick Sheehan
5. October 2, 2026: Added Co-Sponsor Rep. Bradley Fritts
6. October 2, 2026: Added Co-Sponsor Rep. Christopher "C.D." Davidsmeyer
7. October 2, 2026: Added Co-Sponsor Rep. Ryan Spain
8. October 2, 2026: Added Co-Sponsor Rep. Michael J. Coffey, Jr.
9. October 2, 2026: Added Co-Sponsor Rep. Jed Davis
10. October 2, 2026: Added Co-Sponsor Rep. Brad Halbrook

Common questions

What is HB5798?

HB5798 is a bill in the Illinois Legislature (104th General Assembly): DIGITAL ASSET TAX ACT-REPEAL.

What does HB5798 do?

In its own words: A bill FOR 104TH GENERAL ASSEMBLY State of Illinois 2025 and 2026HB5798Introduced , by Rep. John M. CabelloSYNOPSIS AS INTRODUCED: ILCS 195/Act rep. 35 ILCS 195/Act rep. ILCS 195/Act rep. Repeals the Digital Asset Tax Act. Effective immediately. LRB104 22378 JDS 38821 b LRB104 22378 JDS 38821 b LRB104 22378 JDS 38821 b A BILL FOR HB5798LRB104 22378 JDS 38821 b HB5798 LRB104 22378 JDS 38821 b HB5798 LRB104 22378 JDS 38821 b AN ACT concerning revenue.

What is the status of HB5798?

Introduced as of October 27, 2026. Latest action: Added Co-Sponsor Rep. Charles Meier (October 27, 2026).

Who sponsored HB5798?

John M. Cabello (R, 90), with 11 co-sponsors.

Where is the official record for HB5798?

On the Illinois Legislature website: https://www.ilga.gov/Legislation/BillStatus?DocNum=5798&GAID=18&DocTypeID=HB&SessionID=114