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Monday, November 25, 2024

Fulton County residents pay $116,213 in Special County Retailers Occupation Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Fulton County taxpayers paid $116,213 in Special County Retailers Occupation Tax in July, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $130,051.

Over the past 12 months, Fulton County's residents have collectively paid a total of $1.4 million 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 Fulton County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$116,213-10.6
June$130,05115.9
May$112,171-4.3
April$117,25919.3
March$98,253-1.9
February$100,124-23.2
January$130,4178.8
December 2022$119,915-1.5
November 2022$121,7835.6
October 2022$115,3115.8
September 2022$109,018-4.8
August 2022$114,526-8.2

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