Bloomberg Tax
Free Newsletter Sign Up
Bloomberg Tax
Welcome
Go
Free Newsletter Sign Up

Indiana Lawmakers Approve $200 Rebates for Inflation Relief (1)

Aug. 5, 2022, 8:21 PMUpdated: Aug. 5, 2022, 8:39 PM

Nearly 5 million Indiana residents will receive $200 tax rebate checks under a bill the state’s General Assembly approved Friday.

Lawmakers modified a package that first passed the House last week, reducing the rebates for the 2021 tax year from $225 to $200 and the price tag from $1.15 billion to just under $1 billion. They also expanded eligibility beyond the 4.3 million taxpayers that qualify for the automatic rebate to include as many as 626,000 more people who receive Social Security benefits.

The Senate gave final approval to the bill (S.B. ...