Indiana lawmakers considering bill to help Hoosiers with inflation

INDIANAPOLIS (WNDU) – As Indiana lawmakers are contemplating a close to whole ban on abortion throughout a particular session that kicked off on Monday, they’re additionally contemplating a invoice that goals to assist with inflation.

Senate Republicans are proposing just a few breaks for Hoosiers as an alternative of a tax refund. This contains:

• A six-month suspension of the 7 p.c gross sales tax on all residential utility payments
• No additional improve in gasoline taxes for a few 12 months
• A suspended improve to the gasoline tax and particular gasoline tax that took impact on July 1, which would cut back the gasoline tax by 1 cent per gallon and the particular gasoline tax by 2 cents per gallon

In the meantime, further surplus cash could be used to pay down the academics’ pension fund ($400 million) and to fund capital tasks which are outpaced by inflation-related building prices (round $215 million).

The Home is engaged on this plan whereas state senators work on the abortion ban invoice. Below Indiana code, the particular session should finish no later than Aug. 14.

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