House, Senate Reach Agreement On Hoosier Taxpayer Refund

August 5, 2022

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

House, Senate Reach Agreement On Hoosier Taxpayer Refund

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.

I am extremely pleased to see the House advance Senate Bill 2 that includes returning a billion dollars back to Hoosier taxpayers in the form of an automatic taxpayer refund. (1/4)
— Governor Eric Holcomb (@GovHolcomb) August 4, 2022

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

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State:

Indiana

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