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Saturday, April 27, 2024

$159,316 in Special County Retailers Occupation Tax collected in October for Vermilion County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Vermilion County taxpayers paid $159,316 in Special County Retailers Occupation Tax in October, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $161,187.

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
October$159,316-1.2
September$161,1873.2
August$156,244-4.5
July$163,590-5.5
June$173,10411.6
May$155,049-5.6
April$164,29117.4
March$139,906-0.7
February$140,934-21.4
January$179,4008.6
December 2022$165,2323.3
November 2022$159,901-8.2

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