Quantcast

Kankakee Times

Friday, May 17, 2024

Iroquois County collects $56,373 in Special County Retailers Occupation Tax in February

Webp david harris 4

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Iroquois County taxpayers paid $56,373 in Special County Retailers Occupation Tax in February, according to Illinois tax records.

This figure marks a significant increase from the previous month, where Special County Retailers Occupation Tax collection stood at $51,964.

Over the past 12 months, Iroquois County's residents have collectively paid a total of $610,153 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
February$56,3738.5
January$51,964-1.9
December 2023$52,945-2.2
November 2023$54,1378.4
October 2023$49,934-4.1
September 2023$52,0508
August 2023$48,202-4
July 2023$50,227-3.8
June 2023$52,2004.3
May 2023$50,065-0.9
April 2023$50,49521.5
March 2023$41,561-5.7

MORE NEWS