Indiana GOP lawmakers settle on $200 for tax rebate payments

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Friday, August 5, 2022 10:55AM
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Indiana residents are eligible for a tax refund after an apparent deal aws reached in the General Assembly.

INDIANAPOLIS -- All Indiana taxpayers would be eligible for $200 rebate payments from the state's surging budget surplus under an apparent deal reached among Republican legislators.

Those payments will be less than the $225 refunds that were originally proposed by Republican Gov. Eric Holcomb but the deal represents a concession from GOP senators who were reluctant to go along with that plan.

The plan endorsed Thursday in a largely party-line vote by the Indiana House will dedicate about $1 billion from the state's record $6.1 billion in cash reserves toward the rebate payments. It also will direct $1 billion toward a state teacher pension fund's future obligations.