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Friday, May 3, 2024

Hamilton County taxpayers give $56,158 in Special County Retailers Occupation Tax in October

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Hamilton County taxpayers paid $56,158 in Special County Retailers Occupation Tax in October, according to Illinois tax records.

This figure marks a significant increase from the previous month, where Special County Retailers Occupation Tax collection stood at $48,647.

Over the past 12 months, Hamilton County's residents have collectively paid a total of $588,603 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
October$56,15815.4
September$48,6474
August$46,787-10.2
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

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