Hoosier taxpayers will receive more money from the state in a plan announced by Governor Eric Holcomb.
Holcomb stated there was higher than expected revenue performance this fiscal year and believes taxpayers should share in the state’s success.
In this plan, each taxpayer would collect about $225 in addition to the $125 Hoosiers are currently receiving from the state’s automatic taxpayer refund.
He said he outlined his plan with legislative leaders.
“I’ve met with Speaker Huston and Senator Bray and have asked them to discuss getting a billion dollars back into Hoosier hands with their colleagues,” said Holcomb. “I’ve committed to work with them to call a special session before the end of June to take action to align this second round of returns with our current automatic taxpayer refund. Inflation is affecting Hoosiers in so many different ways – from the gas pump to buying groceries. This approach to return excess revenues will help where the help is needed the most.”
If approved, an additional deposit would be made to the bank accounts of eligible Hoosiers, just like the current automatic taxpayer refund. For those who will receive paper checks beginning in August, one check for $350 for individual taxpayers, or $700 for those filing jointly, would be issued.
