INDIANAPOLIS — A bill outlining the future of inflation in Indiana has been drafted and released by the Indiana Senate Republicans.
The bill was authored by Senator Travis Holdman (R — District 19) and addresses specific tax rates. These tax rates are to help Hoosiers but do not include the tax refund that Governor Eric Holcomb had called for.
On the first day the bill is enacted, there will no longer be a higher gas tax than 0.295 cents per gallon. If the tax rate is less than that, it will continue to be the lower tax rate. This will continue until June 30, 2023.
Furthermore, this means the increase of the special fuel tax will also be suspended until June 30, 2023.
This policy will help reduce the gas tax by one cent per gallon and the special fuel tax by two cents per gallon.
Outlined in the bill, Hoosiers will be able to get a temporary, six-month reprieve on the 7% sales tax on residential utility bills.
Lastly, the bill calls for $215 million from the state general fund to be used to fund capital projects that have been affected by inflation-related costs. Meanwhile, $400 million from the state general fund will be distributed to the teacher's pension fund.
Press Secretary Erin Murphy released the following statement on behalf of Holcomb:
"When the General Assembly convenes next week, the more formal and public process begins. Governor Eric Holcomb will continue with his discussions with legislative leadership and members about the multiple issues before Hoosiers today, including the best way to return hard-earned tax dollars to Hoosiers in a timely, meaningful way."
-
Investigators ask for public assistance to identify a Fox Hollow murder victim
On Tuesday, the corner's office said that through forensic genealogy, investigators have been able to identify the victim's father as Jerome Clarence "Jerry" Harvey.
Family, friends and community honor Hailey Buzbee at celebration of life
Family and loved ones are preparing to pay their respects and honor 17-year-old Hailey Buzbee. A celebration of life has been planned for Thursday.
U.S. Immigration and Customs Enforcement establishing office in Carmel
U.S. Immigration and Customs Enforcement, ICE, is establishing an office in Carmel, WRTV confirmed on Wednesday.
Indiana's maternity care crisis grows as Johnson Memorial Health closes OB unit
Johnson Memorial Health is shutting down its maternal care center, citing low insurance reimbursement rates and rising costs of service. It marks the 16th hospital in the state to do so since 2020.
