Indiana General Assembly settles on 0 for tax refund payments

Indiana General Assembly settles on $200 for tax refund payments

Friday, August 5, 2022 10:55AM

INDIANAPOLIS — All Indiana taxpayers could be eligible for $200 rebate funds from the state’s surging price range surplus beneath an obvious deal reached amongst Republican legislators.

These funds will likely be lower than the $225 refunds that had been initially proposed by Republican Gov. Eric Holcomb however the deal represents a concession from GOP senators who had been reluctant to go together with that plan.

The plan endorsed Thursday in a largely party-line vote by the Indiana Home will dedicate about $1 billion from the state’s file $6.1 billion in money reserves towards the rebate funds. It additionally will direct $1 billion towards a state trainer pension fund’s future obligations.

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