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Galesburg Reporter

Friday, November 22, 2024

Knox County taxpayers give $208,054 in Special County Retailers Occupation Tax in February

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Knox County taxpayers paid $208,054 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 $274,888.

Over the past 12 months, Knox County's residents have collectively paid a total of $2.9 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 Knox County Over Last 12 months
MonthAmount Collected% Change from Previous Month
February$208,054-24.3
January$274,88813.7
December 2022$241,8482.7
November 2022$235,505-5.8
October 2022$249,9526.3
September 2022$235,135-0.4
August 2022$235,966-8.7
July 2022$258,5872.3
June 2022$252,7413.5
May 2022$244,1630.4
April 2022$243,08817.1
March 2022$207,5079.8

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