The agenda includes Governor Holcomb's proposal to send a refund to every Hoosier that filed a tax return
Indiana lawmakers will convene in special session on July 25 to consider Gov. Eric Holcomb’s plan to return $1 billion from the state reserves to Hoosier taxpayers to help with inflation and high gas prices.
The special session was to begin on July 6 and take only a day or two, but it was delayed until next week so lawmakers could address the state’s abortion laws in light of the historic Supreme Court decision overturning Roe v. Wade. NFIB State Director Natalie Robinson said the special session is now expected to last several weeks.
The governor’s tax proposal would send $225 to every Hoosier that filed a tax return — $450 for those who file jointly — even if they didn’t owe anything. It’s built on the same system as Indiana’s automatic taxpayer refund, which was triggered by record surplus revenues last year.
Many have called for Indiana to suspend the gas tax amid record-high prices that automatically increased on July 1 from 74.4 cents a gallon to a record 80.4 cents. Supporters say suspending the fuel tax would do more to help Hoosiers in general by reducing the cost of goods and services across the board.
Opponents of suspending the fuel tax say it is not the most efficient way to provide relief to Indiana residents, partly because it also gives out-of-state travelers a break at the pumps.
Holcomb called his plan the “fastest, fairest and most efficient way to return taxpayers’ hard-earned money.”
Tell us what you think! NFIB members should check their inboxes for our special ballot on the governor’s plan. If you didn’t receive a ballot, contact NFIB State Director Natalie Robinson at [email protected]