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Friday, December 20, 2024

Henry County residents pay $218,783 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

Henry County taxpayers paid $218,783 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 $215,309.

Over the past 12 months, Henry County's residents have collectively paid a total of $2.4 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 Henry County Over Last 12 months
MonthAmount Collected% Change from Previous Month
January$218,7831.6
December 2022$215,3091.2
November 2022$212,8266.3
October 2022$200,2353.2
September 2022$193,991-3.2
August 2022$200,358-4.6
July 2022$210,007-3.5
June 2022$217,67614.3
May 2022$190,460-3.1
April 2022$196,49824.3
March 2022$158,074-3.5
February 2022$163,890-24.3

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