Indiana taxpayers could soon see a $200 rebate payment coming into their inboxes under new legislation moving through the Statehouse.
All taxpayers will be eligible for a $200 automatic refund after state lawmakers cut a deal to provide direct relief to residents, directing about $1 billion from the state’s surplus toward the rebate payments.
PENNSYLVANIA GOV. WOLF REINTRODUCES PROPOSAL TO PUT $2,000 IN RESIDENTS’ POCKETS
“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,” said Indiana Gov. Eric Holcomb in a statement. “The contents of this current bill now reflect strong contributions from all corners of the General Assembly and I look forward to signing it as soon as it arrives on my desk.”
Holcomb had originally proposed $225 payments for taxpayers, but some Republican lawmakers argued that some of that money should go toward the state teacher pension fund or address inflation through a utility tax holiday.
The amended Senate Bill 2 represents a deal struck by state lawmakers that will also direct $1 billion toward the teacher pension fund.
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The state House and Senate could vote as early as Friday on the economic legislation.
