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This figure marks a significant increase over the previous year, when Municipal Automobile Renting Tax collection stood at $10,966.
The Municipal Automobile Renting Tax in Illinois is a tax imposed on the rental of automobiles within certain municipalities. The specifics of this tax, including its rate, vary by location. Typically, it's calculated as a percentage of the rental price. The rental company is responsible for collecting this tax from customers and remitting it to the municipality. The revenue generated from this tax is often used to support local infrastructure, transportation projects, and other municipal services.
As of 2021, Illinois was the highest taxed state in the US. A study from Wallet Hub found Illinois taxes were 39.83% higher than 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.
| Year | Amount Collected | % Change from Previous Year |
|---|---|---|
| 2023 | $11,964 | 9.1% |
| 2022 | $10,966 | 3.5% |
| 2021 | $10,592 | 57.2% |
| 2020 | $6,736 | 15.3% |
| 2019 | $5,840 | -1.9% |
| 2018 | $5,954 | - |
