Governor Holcomb Proposes Returning $1 billion to Hoosier Taxpayers

Monday, June 13, 2022 at 10:09 AM

By Office of Governor Eric Holcomb, news release

The proposal comes after higher than expected revenue performance this fiscal year.

Shutterstock photo.

INDIANAPOLIS - Governor Eric Holcomb today announced a plan to return $1 billion of state reserves to Hoosier taxpayers, following higher than expected revenue performance this fiscal year.

Each taxpayer would collect about $225 in addition to $125 Hoosiers are currently receiving from the state’s automatic taxpayer refund (ATR). All told, each eligible Hoosier would receive about $350; a married couple filing jointly would receive about $700.

“Hoosiers have real needs right now during this period of high inflation, from the gas pump to buying groceries, and everyone should benefit from the state’s success,” said Holcomb.

The governor has outlined his plan with legislative leaders.

“I’ve met with Speaker Huston and Senator Bray and have asked them to discuss getting a billion dollars back into Hoosier hands with their colleagues,” said Holcomb. “I’ve committed to work with them to call a special session before the end of June to take action to align this second round of returns with our current ATR.”

The state’s reported revenues for May, released today, were $209 million over forecast. For 11 months of the fiscal year, revenues are $1.075 billion over forecast. 

If approved, an additional deposit would be made to the bank accounts of eligible Hoosiers, just like the current ATR. For those who will receive paper checks beginning in August, one check for $350 for individual taxpayers, or $700 for those filing jointly, would be issued.

More from Local News

Events

City of Greendale Give Name to New Fisherman-Lamppost

The lamppost can be found at Schnebelt Park.

Planned Water Outage July 14 in Dillsboro

The outage is expected to last about an hour.

Kids Discovery Factory Hosts 13th Annual STEAM Camp

The event inspired over 150 young innovators in Batesville.

DCF's 24th Annual Golf Scramble Fundraiser Set for August 4

The round will be played at Hidden Valley Golf Club.

EC at L'Burg Kicks Off 2025 High School Football Broadcast Schedule

See where Eagle Country 99.3 is going to be each week of the regular season.

Former Lawrenceburg Standouts in New College Football Video Game

How cool it must be to be in a video game.

On Air

Your Hometown Radio Station playing
Don Williams - Heartbeat in the Darkness

Sugarland All I Want To Do 1:55
Doug Stone Jukebox with a Country Song 1:52
Rascal Flatts Feels Like Today 1:48
Bailey Zimmerman and Luke Combs Back Up Plan 1:45