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Saturday, November 23, 2024

South Beloit collects $133,909 in Municipal Sales Tax in January

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South Beloit taxpayers paid $133,909 in Municipal Sales Tax in January, according to Illinois tax records.

This is an increase over the month before when $123,200 was collected.

Taxpayers in South Beloit have paid $1.5 million in Municipal Sales Tax in the last 12 months.

The Municipal Sales Tax is collected for municipal governments' use.

Illinois is the highest taxed state in the US.

A 2021 study from Wallet Hub found Illinois taxes are 38.95 percent higher than 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.

Municipal Sales Tax collected in South Beloit in last 12 months
MonthAmount Collected% Change from Previous Month
January$133,9098.7
December 2021$123,200-17.9
November 2021$150,10224.3
October 2021$120,7770.1
September 2021$120,650-5.1
August 2021$127,116-1.7
July 2021$129,314-1.5
June 2021$131,232-2.8
May 2021$134,9694.3
April 2021$129,3577.1
March 2021$120,77218.7
February 2021$101,7402.2

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