STATEHOUSE (March 11, 2022) – "Indiana's fiscal standing remains one of the best in the Midwest and is set to improve with the passage of these historic tax cuts. We must seize this opportunity on behalf of Hoosiers who worked hard during the pandemic and continue to move our state forward," said State. Rep. Dale Devon (R-Granger), co-author of House Enrolled Act 1002.
"With inflation increasing, now is the time to cut taxes for hardworking Hoosiers who know how to spend their own money better than the government does. Indiana's economy is running strong and we continue to live within our means and invest in the future. These tax cuts build on our state's commitment to be responsible stewards of tax dollars, and I look forward to looking at how we can return more dollars to Hoosiers next session," said State Rep. Jake Teshka (R-South Bend).
"As the costs of everyday goods continue to climb, it's important that Indiana doesn't use its strong financial success to grow government. This responsible tax-cut package ensures Hoosiers keep more of their money and Indiana doesn't take in more than it needs," said State Rep. Tim Wesco (R-Osceola).
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State Rep. Dale DeVon (R-Granger) represents House District 5,
which includes portions of St. Joseph County.
Click here to download a high-resolution photo.
State Rep. Jake Teshka (R-South Bend) represents House District 7,
which includes the majority of St. Joseph County.
Click here to download a high-resolution photo.
State Rep. Tim Wesco (R-Osceola) represents House District 21,
which includes portions of Elkhart and St. Joseph counties.
Click here to download a high-resolution photo.
Note to the Press – State Reps. Dale DeVon (R-Granger), Jake Teshka (R-South Bend) and Tim Wesco (R-Osceola) 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. 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.
