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West Central Reporter

Friday, November 22, 2024

$56,198 in Special County Retailers Occupation Tax collected in May for Pike County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Pike County taxpayers paid $56,198 in Special County Retailers Occupation Tax in May, according to Illinois tax records.

This figure marks a noticeable increase from the previous month, where Special County Retailers Occupation Tax collection stood at $54,586.

Over the past 12 months, Pike County's residents have collectively paid a total of $688,929 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 Pike County Over Last 12 months
MonthAmount Collected% Change from Previous Month
May$56,1983
April$54,58621.6
March$44,873-4.3
February$46,901-28.8
January$65,9006.8
December 2022$61,692-2.3
November 2022$63,1728.3
October 2022$58,349-1.6
September 2022$59,2937.8
August 2022$54,982-2.3
July 2022$56,276-15.6
June 2022$66,70726.7

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