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Peoria Standard

Thursday, November 21, 2024

Fulton County residents pay $110,128 in Special County Retailers Occupation Tax in June

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Fulton County taxpayers paid $110,128 in Special County Retailers Occupation Tax in June, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $137,460.

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
June$110,128-19.9
May$137,46016.8
April$117,68628.2
March$91,808-15
February$108,045-24.7
January$143,42019
December 2023$120,5223.2
November 2023$116,755-1.1
October 2023$118,0971.6
September 2023$116,2043.5
August 2023$112,245-3.4
July 2023$116,213-10.6

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