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Peoria Standard

Saturday, November 23, 2024

Peoria County collects $1 million 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

Peoria County taxpayers paid $1 million in Special County Retailers Occupation Tax in June, according to Illinois tax records.

This figure marks a significant increase from the previous month, where Special County Retailers Occupation Tax collection stood at $910,351.

Over the past 12 months, Peoria County's residents have collectively paid a total of $11 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 Peoria County Over Last 12 months
MonthAmount Collected% Change from Previous Month
June$1,002,36010.1
May$910,351-3
April$938,72613.4
March$827,85311.6
February$741,500-31.3
January$1,078,61015.7
December 2023$932,1002.8
November 2023$906,608-0.7
October 2023$913,416-0.9
September 2023$921,6363.2
August 2023$892,697-6.9
July 2023$959,331-1.7

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