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Sunday, November 24, 2024

$5 million in Special County Retailers Occupation Tax collected in June for Winnebago County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Winnebago County taxpayers paid $5 million in Special County Retailers Occupation Tax in June, according to Illinois tax records.

This figure marks a significant increase from the previous month, where Special County Retailers Occupation Tax collection stood at $4.6 million.

Over the past 12 months, Winnebago County's residents have collectively paid a total of $55.8 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 Winnebago County Over Last 12 months
MonthAmount Collected% Change from Previous Month
June$5,018,15010
May$4,561,8702.5
April$4,451,05014.6
March$3,885,3300.5
February$3,864,580-28.7
January$5,421,48013
December 2022$4,798,9802.1
November 2022$4,698,500-0.3
October 2022$4,711,0701.3
September 2022$4,652,1700.2
August 2022$4,642,120-8.3
July 2022$5,061,3102.9

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