Illinois has joined a growing number of US states looking to pave the way to allow cryptocurrencies as payment for taxes. House Bill 5335, aka the Revenue Cryptocurrency Bill, is being sponsored by Rep. Michael Zalewski, a Democrat. 
It’s an amendment to the current Department of Revenue Law of the Civil Administrative Code of Illinois, and it declares that “in addition to any other method of payment provided for by law,” cryptocurrencies will be accepted as payment for state taxes. The state would then convert the cryptocurrency payment into fiat money “at the prevailing rate” within 24 hours, and the taxpayers account becomes credited with the converted USD amount.
The bill was first introduced in February and in recent days was assigned to the Revenue and Finance Committee.
interesting to see cryptocurrency being used as method of payment recently
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Yes very interesting
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