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Sunday, November 24, 2024

$215,084 in Special County Retailers Occupation Tax collected in February for Franklin County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Franklin County taxpayers paid $215,084 in Special County Retailers Occupation Tax in February, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $291,505.

Over the past 12 months, Franklin County's residents have collectively paid a total of $3.1 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 Franklin County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$215,084-26.2
January$291,50512.7
December 2022$258,6451.8
November 2022$254,011-1.9
October 2022$258,9474.7
September 2022$247,283-5.1
August 2022$260,696-8.8
July 2022$285,978-1.1
June 2022$289,2287.8
May 2022$268,340-7.1
April 2022$288,79140.9
March 2022$204,977-2.9

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