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Saturday, November 23, 2024

$140,934 in Special County Retailers Occupation Tax collected in February for Vermilion County

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Chief Financial Officer Cory Staley | Illinois Department of Revenue

Chief Financial Officer Cory Staley | Illinois Department of Revenue

Vermilion County taxpayers paid $140,934 in Special County Retailers Occupation Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $179,400.

Over the past 12 months, Vermilion County's residents have collectively paid a total of $1.9 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 Vermilion County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$140,934-21.4
January$179,4008.6
December 2022$165,2323.3
November 2022$159,901-8.2
October 2022$174,24013.8
September 2022$153,142-3.7
August 2022$158,945-7.2
July 2022$171,288-2.1
June 2022$174,9196
May 2022$164,9540
April 2022$164,97525.8
March 2022$131,095-2.4

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