House, Senate Reach Agreement On Hoosier Taxpayer Refund

Date: August 05, 2022

Under the deal, taxpayers will receive one-time refunds of $200

After several days of debate, the Indiana House and Senate on Thursday finally came to terms on how to distribute over $1 billion in surplus funds and spend additional millions on social service programs.

The House passed an amendment to Senate Bill 2 that includes a $200 inflation relief payment to qualifying Hoosiers, $1 billion in pension stabilization funding, funding for social services, and a cap on the state’s fuel tax. The Senate then passed the amended version of SB 2.

Gov. Eric Holcomb had originally pushed for a $225 tax refund but tweeted he was pleased that the House and Senate had reached an agreement.

Holcomb called the special session in June to address inflation relief. To track the latest updates, please visit the Indiana General Assembly’s website.   

Related Content: Small Business News | Indiana

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