News and Tribune

Clark County

November 21, 2012

Indiana taxpayers to see $111 credit from surplus

INDIANAPOLIS — Indiana taxpayers will receive a $111 credit on their state income tax returns next year as the state distributes part of its budget surplus.

Gov. Mitch Daniels on Wednesday announced the credit that will be $222 for couples filing joint returns. The credit represents the automatic taxpayer refund plan that Daniels pushed through the state Legislature last year.

That refund kicked with the state’s reserves reaching about $2.1 billion. The governor’s office says about $360 million will go toward the tax credits, with another $360 million to the state’s pension liabilities.

Daniels says including the credit on tax returns is simpler and less expensive than mailing out additional checks.

Critics argue that Daniels created the surplus by cutting money for public schools, the child welfare agency and other important services.

1
Text Only | Photo Reprints

LOCAL MAGAZINES
Easter 2014 photos


Click on any photo to purchase it.

LOCAL STATISTICS
Twitter Updates
Follow us on twitter
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
AP Video
Arizona Prison Chief: Execution Wasn't Botched Calif. Police Investigate Peacock Shooting Death Raw: Protesters, Soldiers Clash in West Bank Police: Doctor Who Shot Gunman 'Saved Lives' 'Modern Family' Star on Gay Athletes Coming Out MN Twins Debut Beer Vending Machine DA: Pa. Doctor Fired Back at Hospital Gunman Raw: Iowa Police Dash Cam Shows Wild Chase Obama Seeks Limits on US Company Mergers Abroad Large Family to Share NJ Lottery Winnings U.S. Flights to Israel Resume After Ban Lifted Official: Air Algerie Flight 'probably Crashed' TSA Administrator on Politics and Flight Bans Raw: National Guard Helps Battle WA Wildfires Raw: Ukraine's Donetsk Residents Flee Senators Push to End Hamas Threat in Cease-Fire A Young Victim's Premonition, Hug Before MH17 Raw: Deadly Storm Hits Virginia Campground Death Penalty Expert: 'This is a Turning Point' Raw: MH17 Victim's Bodies Arrive in Netherlands
2013 Photos of the year


Take a look at our most memorable photos from 2013.