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Peoria Standard

Tuesday, November 5, 2024

Tazewell County taxpayers give $9.5 million in Special County Retailers Occupation Tax in 2022

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Tazewell County taxpayers paid $9.5 million 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 $8.7 million.

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 Tazewell County Over Last 4 Years
YearAmount Collected% Change from Previous Year
2022$9,518,0639.8
2021$8,670,62923.4
2020$7,025,8387.5
2019$6,535,983-9.1

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