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Saturday, April 27, 2024

Henry County residents pay $199,168 in Special County Retailers Occupation Tax in May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Henry County taxpayers paid $199,168 in Special County Retailers Occupation Tax in May, according to Illinois tax records.

This figure marks a significant increase from the previous month, where Special County Retailers Occupation Tax collection stood at $186,461.

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
May$199,1686.8
April$186,46113.9
March$163,732-4.4
February$171,347-21.7
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

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