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Wednesday, November 6, 2024

Henry County collects $198,006 in Special County Retailers Occupation Tax in July

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Henry County taxpayers paid $198,006 in Special County Retailers Occupation Tax in July, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $214,328.

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
July$198,006-7.6
June$214,3288.4
May$197,6362.4
April$192,92114.6
March$168,3612
February$165,103-24.2
January$217,7094.5
December 2023$208,3683.3
November 2023$201,6800.7
October 2023$200,324-0.2
September 2023$200,8265
August 2023$191,200-6.5

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