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Code · Illinois · Chapter 205 — FINANCIAL REGULATION · Act 730

Sec. 20. Local government restrictions.

117 words·~1 min read·/il/chapter-205/act-730/20

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Sec. 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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