INDIANAPOLIS — Indiana Gov. Eric Holcomb signed a bill into law Friday aimed at providing Hoosiers relief from inflation.
Senate Bill 2 will give Hoosier taxpayers a $200 refund and will allow Hoosiers who didn’t file taxes to claim the credit on next year’s taxes.
The taxpayer refund was originally proposed by Holcomb in June. He wanted to give taxpayers a $225 refund using about $1 billion of the state’s $6 billion reserves.
He called a special session for legislatures to take action on his proposal starting July 6.
The bill will also put $1 billion toward the state’s teacher pension fund.
Senate Bill 2 also caps the state’s gas tax at $0.29 through the end of June 2023 and provides a sales tax exemption for children’s diapers.
The bill also creates the Hoosier Families First Fund with $45 million. This aims to provide social services for expecting mothers.
“The exemplary teamwork and seriousness of purpose put into each element of SEA 2 is a testament to the elected leaders who helped shape it,” Holcomb said in a statement. “I would like to thank Senator Travis Holdman, Chairman Doc Brown, and Representative Sharon Negele and the many other members from both sides of the aisle who contributed to the strength of the final product.”
State Sen. Fady Qaddoura, D-Indianapolis, said while he made an amendment to fund other areas, like K-12 education and maternal health, he voted for the bill to provide some help to Hoosiers.
Read more from WRTV here
Shooting At Kansas City Chiefs Parade
Take Our Music Survey To Win $250 Plus Janet Jackson & Nelly tickets
Miki Howard Reveals Who SHE Believes is Her "Baby Daddy"--MJ? Joe Jackson? Or Neither?
Miki Howard Finally Speaks Out About Her Son's Claim That Michael Jackson is His Father
Indy Hot Spots With WTLCFM!
NBA Announces Entertainment Lineup for All-Star Weekend 2024
#ManCrushMonday: 15 Black Actors Who Are Sexy & Under 40