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Galesburg Reporter

Friday, November 22, 2024

$2.9 million in Special County Retailers Occupation Tax collected in 2022 for Knox County

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Knox County taxpayers paid $2.9 million in Special County Retailers Occupation Tax in 2022, according to Illinois tax records.

This figure marks a significant increase from the previous year, where Special County Retailers Occupation Tax collection stood at $2.7 million.

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 4 Years
YearAmount Collected% Change from Previous Year
2022$2,859,9835.5
2021$2,710,49424.3
2020$2,180,9009.6
2019$1,989,171-9.5

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