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Saturday, November 23, 2024

McDonough County taxpayers give $194,128 in Special County Retailers Occupation Tax in January

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

McDonough County taxpayers paid $194,128 in Special County Retailers Occupation Tax in January, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where Special County Retailers Occupation Tax collection stood at $190,123.

Over the past 12 months, McDonough County's residents have collectively paid a total of $2.1 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 McDonough County Over Last 12 months
MonthAmount Collected% Change from Previous Month
January$194,1282.1
December 2022$190,1232.1
November 2022$186,159-1.4
October 2022$188,7525.8
September 2022$178,47611.2
August 2022$160,528-9.9
July 2022$178,111-5.9
June 2022$189,34111.5
May 2022$169,870-0.9
April 2022$171,38923.6
March 2022$138,628-5.9
February 2022$147,319-20.3

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