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Galesburg Reporter

Tuesday, November 26, 2024

Knox County collects $231,447 in Special County Retailers Occupation Tax in May

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Director David Harris | Illinois Department of Revenue

Director David Harris | Illinois Department of Revenue

Knox County taxpayers paid $231,447 in Special County Retailers Occupation Tax in May, according to Illinois tax records.

This figure marks a significant decrease from the previous month, where Special County Retailers Occupation Tax collection stood at $247,851.

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
May$231,447-6.6
April$247,85116.8
March$212,113-15.9
February$252,178-6.8
January$270,67613.2
December 2023$239,092-1.9
November 2023$243,6971.6
October 2023$239,858-2.2
September 2023$245,2474.8
August 2023$234,120-7.8
July 2023$254,010-1.1
June 2023$256,9468.5

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