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Saturday, April 27, 2024

$200,324 in Special County Retailers Occupation Tax collected in October for Henry County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Henry County taxpayers paid $200,324 in Special County Retailers Occupation Tax in October, according to Illinois tax records.

This figure marks a noticeable decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $200,826.

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
October$200,324-0.2
September$200,8265
August$191,200-6.5
July$204,591-4.6
June$214,4297.7
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

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