Holcomb proposes returning $1 billion to Hoosier taxpayers
Governor Eric Holcomb Thursday announced a plan to return $1 billion of state reserves to Hoosier taxpayers, following higher than expected revenue performance this fiscal year. The Governor’s office says each taxpayer would collect about $225 in addition to $125 Hoosiers are currently receiving from the state’s automatic taxpayer refund (ATR). Each eligible Hoosier would receive about $350; a married couple filing jointly would receive about $700. The state’s reported revenues for May, released Thursday, were $209 million over forecast. For 11 months of the fiscal year, revenues are $1.075 billion over forecast. The governor’s office says if approved, an
