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Sunday, November 17, 2024

$160,026 in Special County Retailers Occupation Tax collected in May 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 $160,026 in Special County Retailers Occupation Tax in May, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $169,800.

Over the past 12 months, Vermilion County's residents have collectively paid a total of $2 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
May$160,026-5.8
April$169,80016
March$146,371-1.3
February$148,349-20.8
January$187,24612.8
December 2023$166,0483.7
November 2023$160,1050.5
October 2023$159,316-1.2
September 2023$161,1873.2
August 2023$156,244-4.5
July 2023$163,590-5.5
June 2023$173,10411.6

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