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Peoria Standard

Saturday, November 23, 2024

Tazewell County taxpayers give $853,416 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

Tazewell County taxpayers paid $853,416 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 $923,444.

Over the past 12 months, Tazewell County's residents have collectively paid a total of $10 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 Tazewell County Over Last 12 months
MonthAmount Collected% Change from Previous Month
July$853,416-7.6
June$923,44412.6
May$820,344-6.1
April$873,70218.9
March$734,697-3.5
February$761,413-16.8
January$915,1029
December 2023$839,4682.9
November 2023$815,7430.4
October 2023$812,684-6.6
September 2023$869,6609.7
August 2023$792,837-7.1

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