Holcomb calls special session for refunds

COLUMBUS, Ind. — Indiana Gov. Eric Holcomb has called a special session of the General Assembly to convene on July 6 to return more than $1 billion of state budget reserves to Hoosier taxpayers.

“This is the fastest, fairest and most efficient way to return taxpayers’ hard-earned money during a time of economic strain,” Holcomb said in a statement. “Indiana’s economy is growing and with more than $1 billion of revenue over current projections, Hoosier taxpayers deserve to have their money responsibly returned. I’m happy to be able to take this first step and look forward to signing this plan into law as soon as possible.”

Each taxpayer would receive 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.

Holcomb and legislative Republicans had resisted calls from Democrats to call a special session to suspend the state’s gasoline tax, but Holcomb earlier this month announced plans to issue the tax refund as Indiana’s budget surplus climbed to record levels.