Quantcast

Chambana Sun

Thursday, May 2, 2024

Champaign County collects $565,934 in Special County Retailers Occupation Tax in October

Webp david harris 4

Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Champaign County taxpayers paid $565,934 in Special County Retailers Occupation Tax in October, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $596,735.

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
October$565,934-5.2
September$596,73515.1
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

MORE NEWS