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Monday, November 25, 2024

Iroquois County residents pay $604,302 in Special County Retailers Occupation Tax in 2022

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Iroquois County taxpayers paid $604,302 in Special County Retailers Occupation Tax in 2022, according to Illinois tax records.

This figure marks a significant increase from the previous year, where Special County Retailers Occupation Tax collection stood at $527,798.

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 4 Years
YearAmount Collected% Change from Previous Year
2022$604,30214.5
2021$527,79831.4
2020$401,6611.8
2019$394,453-8

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