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Friday, November 22, 2024

Iroquois County residents pay $50,065 in Special County Retailers Occupation Tax in May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Iroquois County taxpayers paid $50,065 in Special County Retailers Occupation Tax in May, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $50,495.

Over the past 12 months, Iroquois County's residents have collectively paid a total of $618,715 in Special County Retailers Occupation Tax.

The Special County Retailers Occupation Tax, a crucial revenue stream, is primarily allocated for county governments use.

Despite fluctuations in tax collection, Illinois continues to be one of the highest-taxed states in the U.S. According to a Wallet Hub study from March 2023, the state ranked as having the highest tax burden, approximately 39.83% above the national average.

Illinois governor J. B. Pritzker is accused of adding more than $5.2 billion in new or higher taxes since coming into power in early 2019. As a business owner, he has a fortune of more than $3 billion, largely based on his family's wealth and connections.

Special County Retailers Occupation Tax Collected in Iroquois County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$50,065-0.9
April$50,49521.5
March$41,561-5.7
February$44,089-26.8
January$60,22312.6
December 2022$53,488-0.8
November 2022$53,9270.5
October 2022$53,6777.5
September 2022$49,935-1.9
August 2022$50,914-6.2
July 2022$54,292-3.1
June 2022$56,04917

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