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Friday, November 29, 2024

Hamilton County residents pay $52,100 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

Hamilton County taxpayers paid $52,100 in Special County Retailers Occupation Tax in July, according to Illinois tax records.

This figure marks a significant increase from the previous month, where Special County Retailers Occupation Tax collection stood at $47,316.

Over the past 12 months, Hamilton County's residents have collectively paid a total of $590,444 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
July$52,10010.1
June$47,3161.1
May$46,782-2.7
April$48,07214.2
March$42,100-5
February$44,307-18.7
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

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