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Tuesday, November 26, 2024

$495,941 in Special County Retailers Occupation Tax collected in February for Champaign County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Champaign County taxpayers paid $495,941 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 $604,362.

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
February$495,941-17.9
January$604,3626.6
December 2023$566,6882.1
November 2023$554,814-2
October 2023$565,934-5.2
September 2023$596,73515.1
August 2023$518,378-2.3
July 2023$530,782-7.1
June 2023$571,2016.2
May 2023$538,0283.3
April 2023$521,0098.3
March 2023$481,1961.2

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