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Saturday, November 23, 2024

Hamilton County collects $54,482 in Special County Retailers Occupation Tax in January

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Hamilton County taxpayers paid $54,482 in Special County Retailers Occupation Tax in January, according to Illinois tax records.

This figure marks a significant increase from the previous month, where Special County Retailers Occupation Tax collection stood at $50,891.

Over the past 12 months, Hamilton County's residents have collectively paid a total of $597,122 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 Hamilton County Over Last 12 months
MonthAmount Collected% Change from Previous Month
January$54,4827.1
December 2022$50,891-0.1
November 2022$50,961-5.3
October 2022$53,8007.6
September 2022$50,0070.8
August 2022$49,626-14.6
July 2022$58,11716.2
June 2022$50,0332
May 2022$49,0362.3
April 2022$47,93618.3
March 2022$40,517-2.9
February 2022$41,716-22

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