Jefferson County lawmakers support $1 billion tax-relief package for hardworking Hoosiers

Lowering of State's Income Tax

Jefferson County lawmakers provided the following statements after House and Senate lawmakers passed House Enrolled Act 1002 on Tuesday providing tax relief to hardworking Hoosiers. If signed into law, the bill will drop the state's individual income tax from 3.23% to 2.9% over seven years. Once fully phased in, Indiana would have one of the lowest income tax rates in the nation. The bill will also help lower utility bills for Hoosiers and businesses by eliminating the 1.46% Utility Receipts Tax currently paid on electricity, natural gas, water, steam, sewage and telephone bills. According to lawmakers, once both tax cuts are fully implemented, Hoosiers would save over $1 billion a year. The legislation also includes using reserves to make a one-time, $2.5 billion payment toward pre-'96 teacher pension obligations.

STATEHOUSE (March 11, 2022) – "Conservative leadership means looking out for taxpayers, and this tax-relief package is focused on keeping our commitment to them and fiscal responsibility. We are blessed to be where we are financially, and I look forward to exploring additional reforms in future sessions to encourage more economic opportunity across the state," said State Rep. Randy Frye (R-Greensburg).

"Unlike our federal government, which is over $28 trillion in debt, Indiana is committed to fiscal responsibility, including funding essential services, investing in our future and paying down our debt. Instead of growing government programs and spending, we chose to return money to hardworking Hoosiers through passing the largest tax cut in state history – saving taxpayers over $1 billion. I'll continue to look for ways to cut red tape, reduce government and ensure state government works for Hoosiers – not the other way around," said State Rep. Jim Lucas (R-Seymour).

"With prices for everyday items increasing due to inflation, these additional dollars could provide a small boost. This is a conservative, responsible tax-cut package rewarding Hoosier families rather than creating more government," said State Rep. Zach Payne (R-Charlestown).