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Tuesday, November 26, 2024

Champaign County residents pay $518,378 in Special County Retailers Occupation Tax in August

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Champaign County taxpayers paid $518,378 in Special County Retailers Occupation Tax in August, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $530,782.

Over the past 12 months, Champaign County's residents have collectively paid a total of $6.5 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 Champaign County Over Last 12 months
MonthAmount Collected% Change from Previous Month
August$518,378-2.3
July$530,782-7.1
June$571,2016.2
May$538,0283.3
April$521,0098.3
March$481,1961.2
February$475,623-21.7
January$607,5756.3
December 2022$571,7400.8
November 2022$567,0261.1
October 2022$560,613-2.6
September 2022$575,60811.2

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