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Monday, April 29, 2024

$243,346 in Special County Retailers Occupation Tax collected in October for Boone County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Boone County taxpayers paid $243,346 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 $254,984.

Over the past 12 months, Boone 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 Boone County Over Last 12 months
MonthAmount Collected% Change from Previous Month
October$243,346-4.6
September$254,98427.4
August$200,097-8.5
July$218,590-1.1
June$221,11313.3
May$195,12016.2
April$167,89416.8
March$143,753-6
February$152,982-20.7
January$192,914-2.8
December 2022$198,464-5.5
November 2022$210,0812.5

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